Daimler to Invest $350M to Build 5th Mercedes Model in Alabama

Good news for the State of Alabama and the Southeastern United States: Daimler AG said it will invest $350 million to produce a fifth Mercedes-Benz model at its factory in Vance, Alabama, starting in 2015.

The investment will create an additional 400 jobs at the plant. The company did not provide details about the additional vehicle.

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