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

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

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BERLIN (Reuters) – Germany’s Daimler <DAIGn.DE> said it will invest $1 billion (£741.18 million) 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)
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