By: Economic & Finance Report
Luxury car maker Daimler AG (Mercedes Benz) is relocating down to Atlanta. The US headquarters in New Jersey will no more be in existence.
Executives and management indicated that the shift was provided because of lower costs, the tax breaks they would receive and the close proximity to their southern car plants which is located in the state of Alabama.
The shifting of personnel is expected to occur in July 2015, which will include 1,000 personnel movint to the suburbs of Atlanta. Executives @ Daimler AG also indicated that the relocation made sense because of the dynamic presence of the south currently and the infrastructure renovation that Atlanta has be going through in the last few years, made the decision much easier to relocate US operations down south