logo
  • New York:
  • London:
  • Delhi:
  • Tokyo:
  • Sydney:
  •  

Daily Financial Market News

Thu, 21 Sep 2017 12:12:06 -0400

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

Daimler to invest $1 billion in Alabama plant, create over 600 jobs | Reuters Discover Thomson Reuters FinancialGovernment SolutionsLegalReuters News AgencyRisk Management SolutionsTax & AccountingBlog: Answers OnInnovation @ Thomson ReutersDirectory of sitesLoginContactSupportDaimler to invest $1 billion in Alabama plant, create over 600 jobsSectionsBusiness Markets World Politics Tech Commentary Breakingviews Money Life Pictures Reuters TV Discover Thomson Reuters FinancialGovernment SolutionsLegalReuters News AgencyRisk Management SolutionsTax & AccountingBlog: Answers OnInnovation @ Thomson ReutersDirectory of sitesLoginContactSupport FeaturedCyber RiskHomeland Security found SEC had 'critical' cyber weaknesses in JanuaryReuters Backstory The fate of trillions of dollars rests on 30 minutes with the FedSHOCK TACTICS: THE SERIESThe quiet exit of top Taser product Pictures Reuters TV United StatesAfrica América Latina عربي Argentina Brasil Canada 中国 Deutschland España France India Italia 日本 México РОССИЯ United Kingdom United States #Business NewsSeptember 21, 2017 / 4:11 PM / Updated 16 hours agoDaimler to invest $1 billion in Alabama plant, create over 600 jobsReuters Staff1 Min ReadThe 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 SimsOur Standards: The Thomson Reuters Trust Principles. 0 : 0 narrow-browser-and-phonemedium-browser-and-portrait-tabletlandscape-tabletmedium-wide-browserwide-browser-and-largermedium-browser-and-landscape-tabletmedium-wide-browser-and-largerabove-phoneportrait-tablet-and-aboveabove-portrait-tabletlandscape-tablet-and-abovelandscape-tablet-and-medium-wide-browserportrait-tablet-and-belowlandscape-tablet-and-belowAppsNewslettersReuters PlusAdvertising GuidelinesCookiesTerms of UsePrivacyAll quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved.

<< Back to news





Trading Room Signals Brokers Watch Videos