• May 12, 2009
Yesterday's media question-and-answer session with General Motors' CEO Fritz Henderson didn't reveal much in the way of actual news, but at least one question raised a few eyebrows: "Is GM considering moving its corporate headquarters?"

While that's an unlikely scenario, Henderson stopped short of denying the possibility, saying: We're looking at, frankly, everything within our business, but it's not like we have that queued up at the top of our list." Henderson also admitted: "We don't have any such plan... but if we did it would be motivated by business rationale, which would be cost, efficiency and speed."

So, where might GM defect to? Detroit Free Press scribe Tom Walsh suggests that Wilmington, Delaware (the city where GM is incorporated) could be a possibility, or even just down the road to Warren, MI near GM's Tech Center complex is located.

Admittedly, a move by GM out of its Renaissance Center headquarters remains unlikely, but Detroit's already skittish residents and politicians are already bristling on the city's airwaves at Henderson's less-than-firm response to the question. What do you think? Answer our poll below.



[Source: The Detroit News | Image: Bill Pugliano/Getty]



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    • 1 Second Ago
  • 44 Comments
      • 5 Years Ago
      I could easily see GM moving to Oakland County or to the Ann Arbor area. Detroits horrible politcal climate is a disease that many businesses cannont overcome. Between the corruption and bickering and the fact that if you work in the city of Detroit you pay income tax to the city makes it an unattractive place to do business. That's partly why Comerica bank left Detroit for Dallas and why cities like Southfield and Troy have major corperations based there.

      It's a shame for Detroit because they could have a bustling downtown if the companies based in Southfield where in Detroit instead. Hopefully a level headed business man like Dave Bing can cut through the crap that is spearheaded by Monica Conyers and actually help the city.
        • 5 Years Ago
        I hope then Dave Bing will menage to achieve his goal. Monica Conyers is a bit too "Coleman Young" for my tastes.

      • 5 Years Ago
      Of course it will move to Washington DC. Think of all the money they will save in freight. 16 billion dollars must be heavy. Plus Tim Geithner is only a train ride away.
      • 5 Years Ago
      BREAKING NEWS:

      GM Headquarters is Relocating to The White House.
      1600 Pennsylvania Avenue NW
      Washignton, D.C. 90001
      • 5 Years Ago
      GM will do whatever Obama tells them to do, lets stop kidding ourselves with this please. He has already dictated to Chrysler how much money they can spend on advertising.
      • 5 Years Ago
      Mexico, China, whatever, it's obvious GM is just taking the bailout money and fleeing. Shame on GM, shame!
      • 5 Years Ago
      Yeah I realize that... I actually meant to respond to the post above. whoops!
      • 5 Years Ago
      Wilmington, Delaware

      Half the corporations in the country are incorporated in Delaware. Very few are actually located there.

      "Delaware General Corporation Law is the statute governing corporate law in the state of Delaware. Delaware is well known as a corporate haven. Over 50% of US publicly-traded corporations and 60% of the Fortune 500 companies are incorporated in the state" - Wikipedia
        • 5 Years Ago
        Alex - I agree 100% I was simply pointing out how stupid it sounds to suggest they move to Delaware b/c of incorporation.

        I agree the only move would be out of Detroit and into the 'burbs.
        • 5 Years Ago
        completely correct. anyone can incorporate their small business as a Delaware corporation. There are many excellent tax reasons to do so. Additionally, since so many companies have done so there is a large body of legislative rulings / precedent so that companies feel they are on surer footing understanding their rights and the regulations.

        for more info check out: www.corporate.com. It is the most common company small business use to incorporate. Several folks I know have done so.
      • 5 Years Ago
      They could move to the Tech Center.

      Half of VEC is empty. Tech center can easily accommodate the complete GM management.

      It will bring cost savings and operational efficiency.

      But, who will pay for RenCen? As per wikipedia, it is $5B approx.
      • 5 Years Ago
      If there is any truth to this rumor, GM would move it's HQ (and top executives) to another city/country, but not the staff.

      Moving a few thousand people from Detroit to Warren would cost lots of money. If they want to save money on the facility, they could consolidate them and shut the air conditioning off for the rest of the building.
      • 5 Years Ago
      Cayman Islands would be my guess.
      • 5 Years Ago
      GM owns their current headquarters building and substantial real estate around it. Given the current economy, business real estate market, Detroit's disastrous reputation (the list goes on, and on, and on), it is highly improbably that GM will be going anywhere any time soon. Who would purchase/lease their building? Would they be willing to take a bath on their holdings just to get out of Detroit with no real business case for doing so? How would they finance the move? 3 words: ain't gonna happen.
      • 5 Years Ago
      Wilmington, Delaware would be perfect for GM's new headquarters. Wilmington is also the headquarters for the DuPont company too, besides I also own property there.

      No sales tax to boot and low, low cost of living ...
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