Germany’s Mercedes-Benz plans assembly plant in Egypt

BERLIN (AP) — German automaker Daimler’s Mercedes-Benz Cars unit says it is developing plans to open an assembly plant in Egypt.
Mercedes-Benz said in a statement Friday that the passenger car plant would be built by a local business partner and the project is being developed “in close collaboration” with Egypt’s government. It said board member Markus Schaefer recently held “successful discussions” with Egypt’s president and prime minister.
Schaef