Mercedes-Benz opens factory in Russia

Daimler has opened a new plant near Moscow as part of a €250 million ($394.73m) investment, which will see Mercedes-Benz models produced in Russia, for Russia. The facility will create more than 1000 jobs, and initially produce the Mercedes-Benz E-Class. Daimler says "SUV models will follow". According to the company, there's "high demand for Mercedes-Benz E-Class sedans and SUVs" in Russia, hence the move to produce its most popular vehicles in the region locally from here on.