Mercedes-Benz says Lutnick urged automaker to move HQ to U.S., FT reports

Mercedes-Benz (MBGYY) CEO Ola Kallenius says U.S. Commerce Secretary Howard Lutnick urged the automaker to move its headquarters to the U.S., citing lower energy costs, lighter regulation, and lower taxes, The Financial Times’ Sebastien Ash reports. Kallenius says he rejected the idea but warns the pitch underscores Europe’s growing challenge in competing with the U.S. for investment.