The German car producer Daimler gave up the idea of building a factory at Cluj, announcing that will extend it's searches outside Romania and Poland, according to sources in the company, quoted by "Handelsblatt" and "Forbes".
The company's representatives have not stated the motive behind this solution. A final decison will be taken in the second trimester. The German officials said, at the end of January, that the car constructor intends to open a Mercedes Benz factory in Cluj or in the Polish town of Wroclaw. Russia, a magnet for investments
Daimler, the producer of brands like Mercedes, Maybach or Smart, had always been reluctant concerning a major investment in Eastern Europe, despite the Volkswagen in the Czech Republic, with Skoda, according to "Financial Times".
The accelerated evolution of Russia's automobile market, recorded in the last years, determined the raise of Eastern Europe attractivity as market and production centre.Daimler is present on the Romanian auto market since 2001, with the car components supplier Star Transmission, based in Cugir. In Romania are also active two other major car produces, Renault and Ford.
Standings Daimler is 38 in the Forbes Top 2000 The German group Daimler is 38 in the Forbes Top 2000 Private Companies of the World. Realesed to publicity two days ago, the classification has two stars: banking and oil companies. The industry is poorly represented in the upper places.
The only industrial company in top 20 is Toyota (8 place), and Volkswagen is placed higher than Daimler. The first place is occupied by the British bank HSBC, that has a net profit of 19 billion dollars. HSBC is operating in 83 countries and has over 10.000 branches. The standings includes companies from 60 nations of the World and is accounting sales, profits, actives and the market value for a five year period.