Daimler AG, the parent company of Mercedes-Benz, the third largest luxury automaker in the world, has decided to spend 750 million euros to upgrade and expand its assembly facility in Bremen, northern Germany. The German automaker is modernizing the Bremen plant in preparation for the upcoming production introduction of two new models - the upcoming generation of the C-Class top selling lineup, next to a couple of additional models, according to a statement issued by Daimler AG.