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Daimler to invest $1 billion in Alabama plant, create over 600 jobs
September 21, 2017 / 4:04 PM / 3 months ago

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

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.

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

    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

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