August 03, 2014

Daimler to invest €1.5-billion in Mercedes-Benz Sindelfingen Plant

By 2020, Daimler will invest €1.5-billion at the Mercedes-Benz Cars Sindelfingen Plant and will significantly improve its competitive position. The company has reached a multi-year agreement with the Works Council on cost reductions in a triple-digit million
euro amount. In return, Daimler will invest billions of euros in the modernisation of the plant and will produce another model in Sindelfingen.

"We are growing dynamically abroad while continuing to make enormous investments at our sites in Germany. The agreement combines investments for the future with the necessary savings. This approach is the basis for our success and the foundation of our growth strategy 'Mercedes-Benz 2020'. With this package we strengthen Sindelfingen's position and secure jobs," said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

Ergun Lumali, Chairman of the Works Council at the Mercedes-Benz Cars Sindelfingen Plant added, "It was important to us to protect jobs and maintain the existing wage tariff agreements. I'm proud that the works council was also able to secure a new model for Sindelfingen in addition to the investments. Together we have safeguarded the future of Sindelfingen Plant beyond 2020 and will celebrate our 100 year anniversary with even more confidence."

"With the committed investments, we are placing production in Sindelfingen on a new and competitive foundation," said Dr. Willi Reiss, Head of the Mercedes-Benz Cars Sindelfingen Plant.


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