Reuters logo
Daimler to invest $1 billion in Alabama plant, create over 600 jobs
September 21, 2017 / 4:04 PM / in a month

Daimler to invest $1 billion in Alabama plant, create over 600 jobs

The Daimler AG sign with raindrops is pictured before the company's annual news conference in Stuttgart, Germany, February 4, 2016. REUTERS/Michaela Rehle/File Photo

BERLIN (Reuters) - Germany’s Daimler (DAIGn.DE) said it will invest $1 billion to expand its U.S.-based Mercedes-Benz plant in Alabama to start building electric sport-utility vehicles there from about 2020.

More than 600 new jobs will be created as part of the investment, which includes plans to build a facility in 2018 near the factory in Tuscaloosa to produce batteries for zero-emission vehicles, Daimler said on Thursday, confirming a Reuters story.

Stuttgart-based Daimler is joining a rush to add car-making capacity in the world’s most profitable vehicle market that most analysts and industry executives expect to contract moderately over the next several years.

Reporting by Andreas Cremer; Editing by Tom Sims

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below