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Daimler AG reportedly to capitalise more than $170 million in Argentina in an effort to tap the economy's strong economic growth.
According to reports, the investment concentrates on new Mercedes-Benz commercial vehicles models targeted at the Latin American market, including a mid-size van, truck models Atron 1624 and Atron 1634, as well as bus chassis LO915, OF1722 and OH1518.
The company also plans to produce 850 new jobs at the Centro Industrial Juan Manuel Fangio plant in Buenos Aires, which would increase the workforce there by 40%, reports added.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.