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Home > Finance > Mercedes declined Lutnick's bid to move to US, CEO tells The Pioneer

Mercedes declined Lutnick's bid to move to US, CEO tells The Pioneer

Published by Global Banking and Finance Review

Posted on January 28, 2026

1 min read

Last updated: January 28, 2026

Tags:sustainability innovation corporate governance financial management

Quick Summary

Mercedes-Benz CEO Ola Kaellenius declined a proposal by Howard Lutnick to move the company's headquarters to the US, citing global competition.

Mercedes Rejects Lutnick's Proposal to Relocate Headquarters to US

Mercedes-Benz's Stance on U.S. Headquarters Move

FRANKFURT, Jan 28 (Reuters) - U.S. Secretary of Commerce Howard Lutnick tried to persuade Mercedes-Benz boss Ola Kaellenius a year ago to move the German carmaker's headquarters to the United States, but the CEO turned down the offer, he told German news site The Pioneer.

Kaellenius was quoted as saying in an interview that, while the company was global and would invest in the U.S., it could not be "uprooted".

The CEO added that Lutnick's proposal, made early last year, reflected the fierce global competition for capital that industrial centres in Europe are facing.

(Reporting by Ludwig Burger, editing by Thomas Seythal)

Key Takeaways

•Mercedes-Benz CEO rejected a proposal to move headquarters to the US.
•Proposal was made by US Secretary of Commerce Howard Lutnick.
•The decision reflects global competition for capital.
•Mercedes-Benz will continue to invest in the US.
•The company remains committed to its global operations.

Frequently Asked Questions about Mercedes declined Lutnick's bid to move to US, CEO tells The Pioneer

1What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, ensuring accountability and transparency in their operations.

2What is sustainability in business?

Sustainability in business involves operating in a manner that meets present needs without compromising the ability of future generations to meet their own needs, often focusing on environmental and social impacts.

3What is innovation in finance?

Innovation in finance refers to the introduction of new ideas, products, or processes that improve financial services and operations, often leveraging technology to enhance efficiency and customer experience.

Mercedes-Benz's Stance on U.S. Headquarters Move

Kaellenius was quoted as saying in an interview that, while the company was global and would invest in the U.S., it could not be "uprooted".

The CEO added that Lutnick's proposal, made early last year, reflected the fierce global competition for capital that industrial centres in Europe are facing.

(Reporting by Ludwig Burger, editing by Thomas Seythal)

Key Takeaways

•Mercedes-Benz CEO rejected a proposal to move headquarters to the US.

•Proposal was made by US Secretary of Commerce Howard Lutnick.

•The decision reflects global competition for capital.

•Mercedes-Benz will continue to invest in the US.

•The company remains committed to its global operations.

Frequently Asked Questions

1What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, ensuring accountability and transparency in their operations.

2What is sustainability in business?

3What is innovation in finance?