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2 Years : From Jul 2012 to Jul 2014
German car maker Daimler AG (DAI.XE) said Friday the Mercedes-Benz brand is likely to hit a new production record in 2012, increasing output to keep up with demand.
-In 2012, Mercedes-Benz has operated at high capacity, to sell a record 1.19 million cars in the first eleven months of the year.
-Around 3 billion euros ($3.93 billion) were invested in four German plants in 2012.
-Together with its Chinese partner BAIC, Daimler plans to invest around EUR2 billion over several years to increase production at its Beijing location.
-Over the next years, the company is investing around $2.4 billion in the Tuscaloosa, Alabama plant.
-Daimler's A-Class, B-Class and M-Class models drove demand this year.
-Increased demand led to three-shift operations at the Rastatt, Germany and Tuscaloosa, Alabama plants as well as special shifts at the Powertrain production network.
-A new plant was opened in Kecskemet, Hungary employing 3,000 people.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500