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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Mercedes-Benz parent Daimler has sold its Smart car factory in northeast France to Britain's Ineos, which will use it to build a 4x4, a source close to factory management told AFP on Tuesday. "The sale was signed on Monday evening," the source said, adding that the deal would preserve 1,300 of the 1,500 jobs at the site in Hambach. Petrochemicals firm Ineos had initially said it planned to build the Grenadier off-roader, its first foray into the automotive industry, in Wales. But this summer it said it was considering buying Daimler's plant at Hambach instead. German auto giant Daimler caused surprise when it announced was putting the factory up for sale to try cut costs in the face of losses caused by the Covid-19 pandemic. It will continue production of an electric-drive Smart and part of a new electric Mercedes SUV at the site until 2024, the source in Hambach said. The carmaker's departure from Hambach marks the end of an era that began with great fanfare in 1997, when then German chancellor Helmut Kohl and former French president Jacques Chirac inaugurated a plant to produce a mini two-seater city car. The factory's communications director, Jean-Yves Schmitt, told AFP both Daimler and Ineos would issue statements on the sale later Tuesday. rz/cb/tgb
schema:headline	Daimler sells French Smart factory to Britain's Ineos
schema:mentions	Jacques Chirac Grenadier Chancellor of Germany Sport utility vehicle Agence France-Presse Mercedes-Benz Wales Pandemic France Coronavirus disease 2019 A-segment Hambach Festival Helmut Kohl Smart Fortwo The Factory Automotive industry Daimler AG Order of the Bath Ineos
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)

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