Mercedes-Benz Group AG’s chief executive officer turned down a Trump cabinet secretary’s attempt to lure the manufacturer’s headquarters to the US from Germany, where its roots date back to the invention of the automobile.
In an interview with The Pioneer, a German media outlet, Mercedes CEO Ola Källenius said US Commerce Secretary Howard Lutnick made the overture roughly a year ago, dangling tax relief and other incentives. Although Källenius declined, Mercedes later announced plans to shift production of a sport utility vehicle from Germany to its existing plant in Tuscaloosa, Alabama.
New tariffs incoming.
Somehow “Alabama engineering” doesn’t have the same allure as “German engineering”
Just ride this one out…
I think Europe needs to watch out hiring American CEOs in the future. Especially with the US actively trying to lure European companies over.
We don’t want American plants that sell European assets to the US like what happened with Nokia.
I’m certain this is only the start. Other proposals are sure to follow.
/s
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Mercedes-Benz Group AG’s chief executive officer turned down a Trump cabinet secretary’s attempt to lure the manufacturer’s headquarters to the US from Germany, where its roots date back to the invention of the automobile.
In an interview with The Pioneer, a German media outlet, Mercedes CEO Ola Källenius said US Commerce Secretary Howard Lutnick made the overture roughly a year ago, dangling tax relief and other incentives. Although Källenius declined, Mercedes later announced plans to shift production of a sport utility vehicle from Germany to its existing plant in Tuscaloosa, Alabama.
New tariffs incoming.
Somehow “Alabama engineering” doesn’t have the same allure as “German engineering”
Just ride this one out…
I think Europe needs to watch out hiring American CEOs in the future. Especially with the US actively trying to lure European companies over.
We don’t want American plants that sell European assets to the US like what happened with Nokia.
I’m certain this is only the start. Other proposals are sure to follow.
/s