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Daimler expands business in Latin America, opens new bus plant in Colombia

Friday, Jun 19, 2015

German automotive manufacturer Daimler has inaugurated its new bus plant in Funza, Colombia with an installed capacity of 4,000 units per year. The company will now manufacture Mercedes- Benz bus chassis in the plant.

This step is primarily aimed at expanding the company's bus business in Latin America, and around $2 million are being invested in the plant. To this end, the company will create more than 220 new jobs.

Hartmut Schick, Head of Daimler Buses: "In a currently challenging market such as Latin America, we are investing in the future viability of our locations and in modern vehicle technologies. With the new bus assembly, we want to further tap into market potentials in the Latin American bus vehicle business."

"With our modern bus portfolio featuring BlueTec 5 technology, we are meeting the growing demand of the Colombian market and our neigh-bouring Latin American countries for clean and efficient vehicles", says Mathias Held, President of Daimler Colombia S.A.

With a total of five production sites, Daimler leads the manufacturing of commercial vehicles in Latin America. In the difficult market environment of 2014, the Daimler Buses division was able to secure its leading market position in Latin America with a market share of 48.6 percent and sales of 17,600 units.

 

auto.economictimes.indiatimes.com

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