It has been a year since the official launch of DaimlerChrysler onto the Frankfurt and New York stock ex-changes. Now there are signs that the center of the company's operations is moving toward Germany.
'DaimlerChrysler AG is a German Aktiengesellschaft, based in Stuttgart,' said Jurgen Hubbert, board member in charge of Mercedes-Benz and Smart cars.
'This has always been the case, from the very first day of the merger. It has not changed. Our US headquarters in Auburn Hills, Michigan, only provides certain functions.'
At the time of the merger, D/C executives stressed that the company had two equally-balanced bases in the USA and Germany. Hubbert declined to predict how long the company would maintain headquarters in both Stuttgart and Auburn Hills.
The Michigan base does not host D/C's regular, biweekly management board meetings anymore. Instead, all board members meet every second Tuesday in New York.
According to Hubbert, the reason is purely logistical, 'If you take Concorde [from Europe], our flight time is only a couple of hours behind [the executives flying from Auburn Hills],' he said. 'And it is easier for our American colleagues. They don't have to suffer from jet lag as they would if the meetings were held in Stuttgart.'