Daimler builds a factory in Russia 2016-11-08 09:52:42

German Automotive corporation Daimler plans to release premium class crossover manufacturing in Russia. The factory is planned to be finished in 2019 and at the same year will start to produce cars. The number of produced cars will be 25-30 thousand. Factory building will cost about 300 million euros. Agreement about future Daimler factory was signed this summer in June. The current place and construction date are still unknown. The new factory in Russia positively affects on Daimler stock price.

For the past few days, Daimler stocks increased by 2,8%. This is a growing trend, that traders can use to make income deals. Trading will be available during the European session, from 7:00 to 15:00 GMT, only on long-term option.

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