Austrian Mercedes Production Endangered to Shift to Hungary

Austrian Mercedes Production Endangered to Shift to Hungary / Picture: © Reuters

German Daimler AG, which lets its G-class construct by Canadian Magna, considers shifting production from Austria to Hungary in order to cut costs. By 2013, construction could take place in Hungarian Kecskemet. Although the contract between Magna and Daimler expires in 2015, Daimler is entitled to terminate contracts by year-end. A decision is expected for the end of…