Mercedes is spending $1 billion to go electric in Alabama

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margin-bottom: 8px; display: inline-block; } </style> <div id="ad_ns_atf_01"></div> </div> </div> <div class="row"> <div class="column share-byline-timestamp"> <span class="byline-timestamp"> <span id="js-byline-icon"> </span> <span class="cnnbyline "> <span class="byline">by Ivana Kottasová </span>  <a href="https://web.archive.org/web/20170925123353/https://twitter.com/intent/user?screen_name=ivanakottasova" class="soc-twtname">@ivanakottasova</a> </span> <span class="cnnDateStamp"> September 22, 2017: 7:54 AM ET </span> </span> <div class="share-tools share-tools--main" id="js-sharebar-main"></div> </div> </div> </header> <div class="row two-columns-fixed-rr"> <section class="column"> <article class="module"> <div id="storycontent">  <div id="storytext"> <div id="js-ie-storytop" class="ie--storytop"> <script type="text/javascript"> vidConfig.push({ videoArray : [ {id : "/video/luxury/2017/05/31/qmb-german-cars-made-in-usa.cnnmoney", collection: "", hed : "This Mercedes is more American than a Jeep Grand Cherokee"} ], loc : 'top', autoplay : true, playerprofile : 'story', playerid : 'cvp_story_0', divid : 'vid0', hedtarget : '#cnnplayer0 .cnnHeadline' }); </script> <div class="cnnplayer" id="cnnplayer0"> <div class="cnnVidplayer"> <div class="summaryImg" id="vid0" href="/video/luxury/2017/05/31/qmb-german-cars-made-in-usa.cnnmoney" onclick="javascript:VideoPlayerManager.playVideos('cvp_story_0'); return false;"> <img src="https://web.archive.org/web/20170925123353im_/http://i2.cdn.turner.com/money/dam/assets/170531145744-qmb-german-cars-made-in-usa-00001004-1024x576.jpg" width="780" height="439" alt="This Mercedes is more American than a Jeep Grand Cherokee" border="0"/> <span class="button video-play"><i class="icon icon--type-video"></i></span> </div> </div> <div class="cnnVidFooter"> <div class="js-vid-hed-cvp_story_0 cnnHeadline">This Mercedes is more American than a Jeep Grand Cherokee</div> <div class="js-vid-countdown-cvp_story_0 countdown"></div> </div> </div> </div> <div class="share-tools share-tools--floater" id="js-sharebar-floater"></div> <h2 class="speakable">Mercedes-Benz will spend $1 billion to upgrade its production capabilities in Alabama and jump-start its electric vehicle program in the U.S.</h2> <p class="speakable"> Mercedes, which is owned by <span>Daimler</span> <span>(<span class="inlink_chart"><a href="https://web.archive.org/web/20170925123353/http://money.cnn.com/quote/quote.html?symb=DDAIF&source=story_quote_link" class="inlink">DDAIF</a></span>)</span>, said the investment will create 600 new jobs in communities near its plant in Tuscaloosa. </p> <div id="ie_column"> <script> jQuery(document).ready(function(){ var BLACKLIST = { '/2017/07/28/news/economy/venezuela-cash-crisis/index.html' : true, '/2017/08/07/investing/trump-economy-report-card/index.html' : true } var SMARTASSET = SMARTASSET || {}; 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It unveiled the electric car concept, the <a href="https://web.archive.org/web/20170925123353/http://money.cnn.com/2016/09/29/luxury/mercedes-eq-electric/index.html">Mercedes-EQ</a>, at the Paris auto show last year. </p> <p> It says that by 2022 it will offer customers at least one electrified alternative in all vehicle segments. </p> <p> <a href="https://web.archive.org/web/20170925123353/http://money.cnn.com/2017/09/19/news/economy/german-election-merkel-cars-diesel/index.html"><span class="inStoryHeading">Related: Germans are falling out of love with their carmakers</span></a> </p> <p> The Alabama investment is likely to please President Trump, who has criticized foreign companies in general, and <a href="https://web.archive.org/web/20170925123353/http://money.cnn.com/2017/05/26/news/economy/trump-germany-bad-trade-cars/index.html">German car makers in particular</a>, for not manufacturing more products in the U.S. </p> <p> Earlier this year, Mercedes announced a push to <a href="https://web.archive.org/web/20170925123353/http://money.cnn.com/2017/05/31/news/mercedes-benz-usa-germany-cars/index.html">increase the number of American parts </a>used at the Tuscaloosa factory. </p> <div id="storyFooter"></div> <div class="clearfix"></div> <div class="storytimestamp"> <span class="cnnStorySource"> CNNMoney (London) </span> <span class="cnnDateStamp">First published September 22, 2017: 7:54 AM ET</span> </div> </div>  <div class="foot"> <div id="postedin"></div> <div class="clearFloat"></div> </div> </div> </article> <div class="cnnoutbrain outbrain-recommended" id="js-outbrain-recommended"></div> <div class="cnnoutbrain outbrain-relateds" id="js-outbrain-relateds"></div> <script type="text/javascript"> window._mNHandle = window._mNHandle || {}; window._mNHandle.queue = window._mNHandle.queue || []; medianet_versionId = "121199"; (function() { var sct = document.createElement("script"), sctHl = document.getElementsByTagName("script")[0], isSSL = 'https:' == document.location.protocol; sct.type = "text/javascript"; sct.src = (isSSL ? 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