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Stock impact report

Mercedes-Benz sets $4B investment in plant served by Norfolk Southern [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company at a ceremony this week marked production of 5 million vehicles since it opened in 1997. Vance, which employs 5,800 people, is one of two M-B plants served by Norfolk Southern (NYSE: NSC ). The other is a van production facility located in North Charleston, S.C., among the railroad's 26 auto assembly customers. Vance exports about 60% of its annual output, according to the Alabama Department of Commerce. “Thirty years ago, Mercedes-Benz changed the landscape of Alabama, and there is no doubt that Alabamians have changed the landscape of Mercedes-Benz,” said Gov. Kay Ivey, at the ceremony. “We are excited and proud to see that transformational partnership going strong into another decade as our state leads ingenuity and innovation in the global automotive industry.” “This plant has built something remarkable, not just cars but a legacy,” said Michael Schiebe, Mercedes-Benz board member. “We believe in Tuscaloosa. We are staying, we are growing, we are committed.” Show less Read more
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