More importantly, the whole investment has been evaluated at approximately 800 million euros, with Mercedes expecting to create around 2,500 new jobs for an annual production of 100,000 compact cars.
“By choosing this region, your country, the city of Kecskemét and the people there are becoming part of the history of Mercedes-Benz. And we believe in the performance of the location and the employees. Because, no matter where a Mercedes comes from, it must always meet the highest quality standards,” Schmückle said.
“The signing ceremony took place in the Hungarian Parliament where representatives of Mercedes-Benz and the Hungarian government agreed upon the cornerstones for the construction of the new plant,” Mercedes added in a press statement.
In the context of global economic crisis, rumors concerning a potential withdrawal of the German car manufacturer spread on the web, with Mercedes Benz officials repeatedly denying speculations. In addition, Mercedes often underlined the importance of the Hungarian plant in the company's evolution in this part of Europe, pointing that the carmaker plans to play a more important role in the compact car class.
Although Romania and Poland also made attractive proposals to the German company, Mercedes decided to pick Hungary as the destination of its new factory. Even though the details of the agreement were not disclosed, the Hungarian Prime Minister agreed to unveil terms of the deal after they sign the papers.
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