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Despite Trump Pressure, Daimler Not Expanding US Production

Zetsche said Germany will remain "backbone" of manufacturing.

by on Mar.30, 2017

Daimler executives said that despite pressure from President Donald Trump, the company will not be adding to is production footprint in the U.S.

At this point, Daimler AG has no plans to expand its production capacity in the United States, executives said during the course of the company’s annual shareholders meeting in Berlin.

Since even before taking office in January, President Donald Trump has been leaning on automakers, both domestic and foreign, to build more vehicles in the U.S.

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Trump was barely mentioned during the Daimler meeting. One shareholder suggested that the company set up a fund to help defend the European Union from Trump. But Manfred Bischoff, chairman of the Daimler Supervisory Board, said the measure could not be taken up at the meeting because it had not submitted prior to the meeting. (more…)