Mercedes-Benz has just announced that it signed a contract with the Brazilian bank Banco Nacional de Desenvolvimento Económico e Social (BNDES) for a loan in the amount of R$ 1.2 billion (roughly €460 million). Brazil is the German manufacturer’s biggest commercial vehicle market.
At its São Bernardo do Campo plant near São Paulo, Mercedes-Benz builds trucks, bus chassis, engines, transmissions, and axles. The loan will be used to expand its production at 75,000 units per year, which cor… (read more)