BEIJING
Associated Press - November 13, 2013
General Motors Co. said Wednesday that it will move its international
headquarters from Shanghai to Singapore, a trophy for the tropical
city-state that is aggressively promoting itself as a global business
center.
The automaker said in a statement that the new headquarters will have
about 120 employees to oversee GM's businesses in Africa, Southeast
Asia, Australia, New Zealand, India, South Korea and the Middle East, as
well as Chevrolet and Cadillac Europe.
GM said it will keep its Shanghai office open with about 250 employees
for operations in China, which has overtaken the United States as the
world's largest auto market by new vehicle sales.
The move, which is slated for the second quarter of next year, would put
GM's international head office closer to important markets without
undermining its crucial Chinese business.
Singapore courts multinational companies by touting advantages such as
high quality infrastructure, low crime and ease of doing business.
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