Valmet to build new Mercedes-Benz compact cars
In this article (5)
Finland’s Valmet Automotive said on Wednesday it had signed a new contract to build future Mercedes-Benz compact cars for Daimler AG.
The company said it would hire about 1,000 staff to help with its existing contract under which it manufactures Mercedes-Benz passenger cars and SUVs. The plant currently has 2,300 employees.
The facility is one of the bright spots in the Finnish economy which is slowly recovering from a decade of stagnation.
In January, Chinese battery maker Contemporary Amperex Technology Ltd bought a 22 percent stake in Valmet Automotive.
Questions & Answers
Q.Which models will Valmet Automotive be building under the new contract?
Which models will Valmet Automotive be building under the new contract?
Valmet Automotive will be building future Mercedes-Benz compact cars for Daimler AG under the new contract. The article does not specify particular models.
Q.How many new employees will Valmet Automotive hire for this contract?
How many new employees will Valmet Automotive hire for this contract?
Valmet Automotive plans to hire about 1,000 new staff. These new hires will help with their existing contract which involves manufacturing Mercedes-Benz passenger cars and SUVs.
Q.What is the current total number of employees at Valmet Automotive's plant?
What is the current total number of employees at Valmet Automotive's plant?
The plant currently has 2,300 employees. The additional 1,000 new staff will increase the total workforce.
Q.Did any other company recently invest in Valmet Automotive?
Did any other company recently invest in Valmet Automotive?
Yes, Chinese battery maker Contemporary Amperex Technology Ltd bought a 22 percent stake in Valmet Automotive in January. This information is mentioned as a related detail in the article.
Reader pulse
What's the biggest takeaway for Valmet?
24,271 votes so far