German car maker Mercedes-Benz has announced that it will invest US$302mn in its manufacturing plant in South Africa to increase annual production to 100,000 units
According to Bloomberg, the car-maker currently produces 60,000 units a year.
Mercedes-Benz South Africa chief executive officer, Martin Zimmermann said, “The outlook for growth in one of Africa’s largest economies is very positive. Mercedes-Benz will introduce new technology vehicles and add a third shift in our plant in East London.”
Zimmerman added that the truck and luxury car maker had a significant order book in South Africa.
Last year, Mercedes-Benz introduced its Atego truck line with the BlueTec technology, the first fuel efficiency and energy savings vehicle in South Africa. Triton Express, a local logistics firm, had purchased a fleet of 16 Atego models.