REDFORD, MI—Daimler’s Trucks division is planning to invest $475 million here to develop to diesel engines for medium-duty trucks. The engine will be produced at the company’s assembly plant here, which currently employs 2,200 people. The investment will add approximately 330 new jobs.
FAIRFIELD, CT—General Electric Co. will move production of large, gas-powered engines to Canada from Wisconsin, along with 350 jobs, to access export financing no longer available in the United States. In its latest salvo aimed at persuading Congress to renew the U.S. Export-Import Bank’s charter, which expired in June, GE will invest $265 million in a new state-of-the-art manufacturing plant at a Canadian location yet to be determined.