Daimler spending $500 million for van plant in South Carolina; will create 1,300 jobs

MarketsAssociated Press

Daimler AG says it will spend about $500 million and create 1,300 jobs with a new plant near Charleston that will build its Sprinter vans.

The company issued a news release Friday morning. It is making the formal announcement at the existing plant in Ladson, which is about 30 miles from Charleston.

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Currently, the Ladson plant assembles vans under the Mercedes-Benz and Freightliner brands from parts made overseas and shipped to this country in kits.

Construction on the new plant is supposed to start in 2016.