Although the acquisition has not been confirmed by the companies, the Journal “O Globo” published a report that an internal communication to Mercedes employees about the deal was released June 25 with technical details of the facility confirming it meets the requirements of the Chinese company.
Source: Autoespoerte / O Globo Read The Article
PSR Analysis: It looks like the perfect match as it is a good opportunity for the German car maker to sell the assets of the plant stopped in 2020 and it is in line with the Chinese OEM strategy to expand business out of China by the acquisition of existing companies or production structures. GWM did it in Thailand when it acquired the plant of General Motors and it plans to do it again in India, again with General Motors. PSR
Fabio Ferraresi is Director, Business Development, South America, for Power Systems Research
