In what apparently would be part of Daimler AG’s a strategic plan to add to its capacity of the Mercedes-Benz, the Germany-based automaker revealed on Friday that it intends making a EUR1.5 billion investment at its most important Mercedes-Benz powertrain plant in Stuttgart-Untertuerkheim this year and in 2012.

Specifically speaking, the company’s investment at the plant this year will be EUR670 million; while over EUR980 million will be invested next year.

Going by the details shared by Daimler, the key areas to which the proposed investment will be allocated will include extension and conversion measures as well as new production technologies in the area of axle, transmission and engine manufacturing. These areas will be allocated additional funds apparently to help the company meet the needs of the new generation of compact cars.

With a solid book order already having necessitated the creation of 600 new jobs at Daimler’s Untertuerkheim facility this year, Wolfgang Bernhard – the automaker’s executive board member overseeing the production and procurement at Mercedes-Benz cars and vans – said that the proposed investments will mark a significant contribution to the execution of Daimler’s Mercedes-Benz 2020 growth strategy.

Since approximately EUR270 million of Daimler’s new investment has seemingly been earmarked for ramping up the new dual-clutch transmission which will be used in the new-generation Mercedes-Benz B-Class, Bernhard said: “With full order books behind us, we are investing in our powertrain production to ensure it is fit to face future competition.”