Saturday, January 10, 2015

Despite Chris Christie Pleas, Mercedes-Benz USA Moving from New Jersey to Georgia

Daimler AG (DAI)’s Mercedes-Benz will move its U.S. headquarters to Atlanta from New Jersey, rejecting efforts by New Jersey Governor Chris Christie to keep the facility in his state.
The German luxury carmaker will relocate employees in Montvale, New Jersey, to a temporary facility in Atlanta while a headquarters -- expected to be completed in early 2017 -- is built in the new location, the company said in a statement. About 1,000 employees will be affected, the company said.
The move follows other auto industry relocations in the U.S. Toyota Motor Corp. said in April that it would move its U.S. headquarters to suburban Dallas from suburban Los Angeles. Detroit-based General Motors Co. (GM) is moving its Cadillac brand to New York. Fuji Heavy Industries Ltd.’s Subaru decided to move its U.S. office from one New Jersey town to another.
Christie had met with and called a top executive at the carmaker, Michael Drewniak, a spokesman for the governor, said in an e-mailed statement.
“In each conversation Mercedes USA made one thing very clear about its decision to leave -- the cost of doing business and the tax environment is just too high here to be competitive with a state like Georgia,” said Drewniak. “This only reinforces Governor Christie’s repeated calls to lower taxes and change the business climate.”
Read the rest of the story HERE.

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