Mercedes-Benz will move its US headquarters to Atlanta from northern New Jersey, a source familiar with the brand’s plans told Reuters on Tuesday.
The Daimler AG unit is moving to cut costs, including those for cost-of-living and taxes, the source said.
Mercedes-Benz currently has its US headquarters in Montvale, New Jersey.
The Atlanta Journal Constitution on Monday reported that the move may be announced Tuesday. The newspaper said the move would bring about 1,000 jobs to one of the largest cities in the US Southeast.
Mercedes-Benz is the No. 2 seller of luxury automobiles in the US market.
(Reporting by Bernie Woodall; Editing by Chizu Nomiyama)
More from Reuters:
- Hamas Man Sentenced By Israel To Life For Teen Killings That Led To Gaza War
- EU Lawmaker Seeks To Dilute Bank Trading Reform
- Republican Jeb Bush To Launch PAC Before 2016 Presidential Contest
- Wall St. Watchdog To Target ‘smart’ ETFs, Loans, In 2015 Examinations
- UK Banks Warn 2019 Ringfencing Deadline Extremely Challenging
Business Insider Emails & Alerts
Site highlights each day to your inbox.