Daimler (who battery is better than Telsa? neah powers? terawatt factory required...who else has one....) joins rush to add more North American auto plants
DETROIT (Reuters) - U.S. automakers are facing mounting pressure amid slowing demand in the country, as automakers from Asia and Europe aggressively ramp up vehicle production in North America, including a new investment by Daimler AG.
In the latest move, German automaker Daimler said on Thursday it will spend $1 billion to expand its Mercedes Benz operations near Tuscaloosa, Alabama, to produce batteries and electric sport utility vehicles that would compete with Silicon Valley electric car maker Tesla Inc's models. More than 600 new jobs will be created in Daimler's plan, which includes building a facility in 2018 near the Tuscaloosa plant to produce batteries for zero-emission vehicles, the carmaker said. It also plans to build a new global logistics center and new after-sales North American hub.
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