UPDATE 1-Mercedes to invest 1 bln eur in powertrain plant

Newswire

* Investment to be made in Untertuerkheim plant in 2012 * Comes in addition to 670 mln eur earmarked for 2011 * Move goes toward Mercedes-Benz 2020 growth strategy FRANKFURT, Nov 25 (Reuters) - German automaker Daimler plans to invest nearly 1 billion euros ($1.33 billion) in its main Mercedes-Benz powertrain plant in Stuttgart next year, the company said on Friday. The Mercedes Untertuerkheim factory, the largest industrial site in Stuttgart, builds axles, transmissions, engines and ...

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