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Daimler joins rush to add more North American auto plants

The company is joining a rush to add vehicle-making capacity in a U.S. market that most analysts and industry executives expect to contract moderately over the next several years, following record sales of 17.55 million vehicles in 2016.

Indeed, Detroit’s automakers are already temporarily idling factories and laying off thousands of workers as demand slows for their sedans and luxury cars.

Global automakers have come under pressure from U.S. President Donald Trump’s bid to curb imports and hire more workers to build cars and trucks in the country.

Rival German luxury automaker BMW AG ( BMWG.DE ) said in June it would expand its U.S. factory in South Carolina, adding 1,000 jobs.

Silicon Valley automaker Tesla Inc ( TSLA.O ), meanwhile, is gearing up to produce as many as 500,000 Model 3 Electric cars a year at its factory in Fremont, Calif., in an effort to increase its annual sales more than fivefold.

READ MORE (Reuters)

  • Mercedes' first electric SUV will be built in AlabamaCNET
  • Mercedes Plots Tesla Attack With $1 Billion US Electric PushBloomberg
  • Mercedes-Benz invests $1bn to make electric cars in USFinancial Times
  • Daimler to invest $1 billion in Alabama plant, create over 600 jobsReuters
  • Mercedes investing $1B in Tuscaloosa plant to build electric SUVsGears Of Biz
  • Mercedes to Invest $1 Billion at Tuscaloosa, Add 600 JobsU.S. News & World Report
  • Mercedes to invest $1B in Alabama to make electric SUVs, batteriesUSA TODAY
  • Mercedes-Benz investing $1 billion in electric SUV expansion in
  • Daimler plans $1B investment in Ala. to build EQ electric utility vehiclesAutomotive News (subscription) (blog)

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Daimler joins rush to add more North American auto plants


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