Daimler To Invest $194 Million At Detroit Diesel Engine Plant
June 18 2010 - 11:29AM
Dow Jones News
German automaker Daimler AG (DAI.XE) Friday said it will invest
$194 million at its Detroit Diesel engine plant in Redford, Mi.,
with the state of Michigan providing $57 million through tax
benefits and other measures.
In a statement, Daimler said due to strong demand for BlueTec
diesel engines production at the Redford plant will be increased
substantially. A large part of the investment will be spent on
cylinder head production.
The funds will also be used to redesign the manufacturing
facilities, improve the plant's infrastructure and purchase
additional machinery. The measures for increasing production
capacity will start next month and be finalized in September next
year.
Detroit Diesel is a producer of on-highway medium and heavy-duty
diesel engines and part of the Daimler Trucks North America
operations.
-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512;
christoph.rauwald@dowjones.com
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