Daimler To Spend $2.9 Billion On New Diesel Engines By 2019

Daimler, the parent company of Mercedes-Benz has stated that it will be spending $2.9 Billion by 2019 to develop a new generation of diesel engines.

A portion of the money has already been invested on selective catalytic reduction systems which are now present on larger Mercedes cars. The systems will now be fitted on to the smaller Mercedes front-wheel drive cars. The selective catalytic reduction systems will replace the current nitrous oxide trap exhaust systems.

Daimler will be using the investment on engine development and production capacities.