RIO DE JANEIRO, BRAZIL - Pandemic, inflation, diesel price hike, economy in technical recession, and a shortage of semiconductors to manufacture trucks. The sum of the factors creates a somewhat challenging scenario for vehicle manufacturers installed in Brazil.
In light of this, Mercedes-Benz is considering future local investments, according to Mercedes-Benz Brasil president and CEO for Latin America Achim Puchert, in a conversation with journalists on Thursday, January 13.
In 2022, the company will complete a R$2.4 billion (US$434,000) investment plan begun in 2018. The largest part, R$1.4 billion, was allocated to the . . .