
Mercedes details plans for US production investments in Alabama
DETROIT, May 1 (Reuters) - Mercedes-Benz (MBGn.DE), opens new tab plans to begin producing a new vehicle at its Tuscaloosa, Alabama, plant in 2027, the company said Thursday, the latest in a series of investments carmakers have announced following U.S. President Donald Trump's aggressive auto tariffs.
The German automaker didn't disclose which vehicle it would add to its Tuscaloosa plant, only saying it would be a "core vehicle segment" that would "deepen its commitment to the U.S."
Trump's 25% levies on automotive imports have rocked the global automotive industry, although this week he offered a reprieve on some elements of the tariffs.
An analysis released by the Center for Automotive Research in early April found that the 25% auto tariffs would increase costs by about $108 billion for automakers in the U.S. in 2025.
Hyundai, GM and other automakers have boosted U.S. output or announced investments in response to the levies.
Mercedes this week pulled its earnings guidance amid tariff uncertainty. The automaker is facing hurdles in all its major markets, from Trump's tariffs, to competition from fast-moving rivals in China and new CO2 emissions targets in the European Union.
The company's Alabama plant currently produces the GLE, GLS, GLE Coupe, Mercedes-Maybach GLS, as well as the EQE SUV, EQS SUV, and Mercedes-Maybach EQS SUV for all global markets.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Telegraph
36 minutes ago
- Telegraph
Musk: I apologise for some of my Trump posts
Elon Musk has apologised to Donald Trump for posting incendiary comments on social media during their public row. The tech billionaire, who worked with Mr Trump for 130 days as a special government employee, said on X that the US president should be impeached and claimed he was mentioned in the Epstein files. 'I regret some of my posts about President @realDonaldTrump last week. They went too far.' Mr Musk has said. Mr Trump said that Mr Musk had 'lost his mind' during the meltdown, which started with a disagreement over the government's 'big beautiful' spending bill. Since stepping down as the head of the US Department of Government Efficiency, Mr Musk has criticised Mr Trump's tax and spending bill, describing it as a 'disgusting abomination' that will increase national debt. In an interview with NBC News on Saturday, Mr Trump said he had 'no desire' to speak to Mr Musk and accused him of being 'disrespectful to the office of the President'. Asked if his relationship with the tech boss was over, he replied: 'I would assume so.' It came after JD Vance, the US vice president, said Mr Musk had made a 'huge mistake' in picking a fight with Mr Trump. Mr Vance said he hoped Mr Musk would 'come back into the fold', but acknowledged that might be difficult after he went 'nuclear' during the public spat with the president.


Reuters
37 minutes ago
- Reuters
South African rand edges up before local budget vote
JOHANNESBURG, June 11 (Reuters) - The South African rand was marginally stronger in early trade on Wednesday, as lawmakers were due to vote on the first pieces of budget legislation later in the day. If the vote passes, it could boost local asset prices as there will be greater certainty over the fiscal trajectory after months of political wrangling. Disagreements in the coalition government have delayed the budget, but most of those have been resolved following changes made in a third budget version presented by Finance Minister Enoch Godongwana last month. At 0720 GMT the rand traded at 17.6950 against the dollar , up 0.1% on Tuesday's closing level. A domestic business confidence index (ZABCI=ECI), opens new tab is set for release at 0930 GMT. The dollar last traded about 0.2% stronger against a basket of currencies , after the U.S. and China concluded trade talks in London with a "framework agreement" that hinted at a thaw in relations but offered little detail. U.S. inflation data later on Wednesday could set the tone for markets globally. South Africa's benchmark 2035 government bond was weaker in early deals, with the yield up 4.5 basis points to 10.115%.


BBC News
38 minutes ago
- BBC News
Elon Musk says he 'regrets' some posts he made about Donald Trump
Billionaire Elon Musk has said he regrets some of the posts he made about US President Donald Trump during their war of words on social media. "I regret some of my posts about President Donald Trump last week. They went too far," he said on his platform X. The two were embroiled in a public fallout, after the Telsa owner called Trump's tax bill a "disgusting abomination". His post comes after Trump declared that their relationship was over, and that he had no interest in mending ties with Musk. The budget, which includes huge tax breaks and more defence spending, was passed by the House of Representatives last month and is now being considered by senators.