Mercedes-Benz Director General Michael Behrens said on May 14 that of a total US$10 million additional capital, US$5 million will be designated for developing new production lines while the remainder will be utilised for environment equipment.

Last year, Mercedes-Benz placed a modernised environmentally friendly paint factory into operation at a cost of US$10 million.

This year, the company will introduce 18 new models, bringing the total number of its up-scale automobile models on its showroom floors to 40.

Last year, sales of the auto retailer grew by 65%, triple that of the country’s average dealer, and Mr Behrens has high expectations they will continue to prosper this year.

According to Vietnam Automobile Manufacturers Association (VAMA), Mercedes-Benz has sold 381 cars in the first two months of this year.