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Daimler to invest EUR1.5bn at Mercedes-Benz powertrain plant in Germany

ABR Staff Writer Published 28 November 2011

German automaker Daimler will invest more than EUR1.5bn at its main Mercedes-Benz powertrain plant in Untertürkheim, Stuttgart, Germany this year and in 2012.

The German automaker will invest EUR670m at the plant in 2011 and more than EUR980m in 2012.

The investment will be used in the extension and conversion of various parts of the plant and in the launch of new products and production technologies.

They will be allocated to new manufacturing technologies in the area of axle, transmission and engine production.

The company said that around EUR270m are earmarked for the ramp up of the new dual-clutch transmission to be used in the new-generation Mercedes-Benz B-Class.

The automaker has invested EUR30m for the commissioning of a die-casting laboratory for next year, which will serve to simulate and optimize casting processes and to develop tool concepts.

Daimler member of the board of management Wolfgang Bernhard said with full order books behind the company, it is investing in its powertrain production to ensure it is fit to face future competition.

"These investments represent an important contribution to the implementation of our Mercedes-Benz 2020 growth strategy," Bernhard said.

Mercedes-Benz Cars head of powertrain production and head of the Untertürkheim plant Peter Schabert said Untertürkheim is the birthplace of the automobile and these investments will ensure that the company continues to play a role in shaping the ongoing evolution of mobility from our base here.

The Untertürkheim plant currently produces axles, transmissions and engines for around 1.5 million vehicles per year, corresponding to a daily output of around 6000 drive systems.