Mercedes-Benz to move US headquarters from New Jersey to Atlanta image

Daimler AG’s Mercedes-Benz, the world’s third largest luxury automaker, has announced its intention to move the regional US headquarters from New Jersey to Atlanta.

The German automaker has elected to reject efforts by New Jersey Governor Chris Christie to retain the facility in the state and its employees in Montvale, New Jersey, will be moved to a temporary building in Atlanta while the company is getting ready to finish a new headquarters in early 2017 in the new location, according to a statement. The relocation affects around 1,000 employees.

It looks like the US auto industry is on a relocation spree, with Mercedes-Benz following Toyota’s April announcement that it would move its US headquarters from Los Angeles to suburban Dallas. Detroit-based General Motors, the largest US automaker, is also allowing its Cadillac luxury unit to taste the air in New York. Additionally, Fuji Heavy Industries’ Subaru brand also chose to relocate its US office from one New Jersey town to another.

While New Jersey Governor Chris Christie’s administration has invested massively in its efforts to make the state more appealing to employers, Mercedes-Benz’s departure comes as a “significant loss,” according to Assemblywoman Holly Schepisi, representing the legislative district Mercedes is leaving. Daimler Ag’s regional unit departure comes after a tax break approved last month and worth $118 million convinced Subaru of America to keep its offices in the state. The Japanese automaker chose to construct a new building in Camden, a town 5 miles (8 kilometers) east of Cherry Hill, where the company built its original headquarters back in 1986 and was now running out of space.

Via Bloomberg