Subaru begins construction on its new headquarters in Camden, NJ, relocating its offices from Cherry Hill and Pennsauken but keeping them in-state with a $118-million project.
Mercedes-Benz USA is expected to announce shortly that it's moving from its current home in Montvale, NJ, to a new facility in Atlanta, after the governments of both states offer financial incentives to claim the German automaker's US headquarters and its hundreds of employees.
Subaru is packing up shop and making a big move, announcing that it will be relocating its Cherry Hill, NJ headquarters. Is the company pulling a Toyota and moving across the country, or perhaps following the example set by Cadillac and relocating to a major metropolis? Nope. The all-wheel-drive aficionados are going just four miles down the road, to Camden, NJ.
Cadillac is under new leadership, and the automaker is committed to turning itself (back) into a global luxury powerhouse. It's got a strong product offensive (of products currently in showrooms, and much more on the way), and now it will have a new location to call home.
Doing things Gangnam style apparently costs a serious chunk of change, because Hyundai is reportedly paying roughly $10 billion for 19.6 acres (79,342 square meters) of land in the trendy district of Seoul, South Korea, to serve as the location for its new headquarters. That eye-popping number represents the highest amount ever paid for a plot of land in South Korea, according to Reuters. The hefty price tag reportedly scared investors enough for stock prices to sink dramatically.
You won't be seeing Sergio Marchionne in his famous sweaters running day-to-day operations of Fiat Chrysler Automobiles from Michigan. Although, he won't be doing it from Italy, either. The FCA CEO recently announced that the company's corporate headquarters would be located in London.
Some automakers might be concerned over California's fight for an EPA waver, but Lamborghini isn't one of them. Regardless of government-imposed regulations, the Italian exotic car maker knows that the luxury market will continue to demand high-powered vehicles available in every color found in a Skittles bag. That is why Lamborghini has chosen the Los Angeles area, Santa Monica specifically, to house its brand new headquarters for North American sales operations. It is the company's first busin
We had always operated under the assumption that there's no quick way to make a buck in the auto business. Turns out we were wrong, as DaimlerChrysler has just sold its headquarters in Stuttgart for $308.8 million in cash to IXIS Capital Partners Ltd. Don't fret, the building's new owners won't be kicking DCX to the curb, as the automaker simultaneously signed a 15-year lease to stay on the premises. The money from the sale will boost the automaker's operating profit by $22.9 million this year,
Press pics are one thing, but sometimes a vehicle’s true allure is masked by the artificial gloss of officially released images. So we’re thankful the guys from the German Car Blog live close enough to Audi’s Ingolstadt headquarters to drop by and snap some live shots of the brand’s new TT coupe unveiled last Friday. One thing that instantly becomes obvious is how much longer the new TT’s hood is compared to the model it’s replacing. The front overhang is demo