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Mercedes-Benz to invest $1 billion in Alabama, add 600 jobs

Carmaker Mercedes-Benz announced Thursday that it will invest $1 billion to set up electric vehicle production at its Tuscaloosa, Alabama plant and to build a battery factory nearby, moves it said would create 600 new jobs.

The luxury division of Germany's Daimler AG said it plans to manufacture electric SUVs under Mercedes' EQ sub-brand at the Alabama plant by the start of the next decade.

Mercedes executive Markus Schaefer said in a statement that "with the addition of electric SUVs to our future fleet, we will provide discerning drivers with a new, high-quality automotive option."

Daimler, based in Stuttgart, Germany, is among the global automakers...