
Stuttgart, Germany based Mercedes, a subsidiary of the Daimler group, said it will spend €1bn ($1.1bn) for second factory in Hungary, creating approximately 2,500 jobs. Mercedes-Benz has been producing compact cars at its facility in a place called Kecskemét, 70 km (44 miles) south of Budapest, since 2012. According to Mercedes-Benz, the plant in Kecskemét has been producing compact front-wheel-drive
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