Stock Groups

Daimler to produce first in-house electric motor at Berlin plant from 2022 -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The Daimler logo was seen in front of the annual shareholder meeting held by the company in Berlin on April 5, 2018. REUTERS/Hannibal Hanschke/File Photo

BERLIN (Reuters), – Daimler (OTC) announced Thursday that it will begin producing the first electric motor in its Berlin plant from 2022. This is a relief for workers who were worried about the future of the Diesel Motor Production Site.

Daimler announced that it would offer retraining and programming to workers concerned for their safety after it stated in September 2020 that the Berlin location would stop producing the 6-cylinder diesel engine motor in a year.

Daimler announced that the investment in Berlin Marienfelde will go up to a low amount of three million euros in the next six-years, compared with the two-digit amount previously.

According to YASA Daimler’s chief executive officer, the motor is known as an axial flow motor. It was developed by the British startup YASA Daimler earlier in the year.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]