Former General Motors CEO Ed Whitacre has served up a few revelations about his time at the automaker in his new memoir, American Turnaround: Reinventing AT&T and GM and the Way We Do Business in the USA. Among the choice tidbits is word that in August of 2009, Whitacre says he blocked a plan that would have seen GM workers abandon their downtown Detroit Renaissance Center global headquarters just one week before the move was to be set in action. The whole operation was to be relocated to Wa
Police in Detroit are investigating why a man intentionally drove his Chevrolet Monte Carlo into the revolving doors of the Renaissance Center over the weekend. Witnesses say the man, dressed all in black, lined up his late-model coupe and planted his foot on the accelerator. The car crashed into the glass doors and both building security and police quickly responded to the scene.
If you're looking for the bones of Teamsters leader Jimmy Hoffa, you may need look no further than the General Motors headquarters. According to a new book by Hoffa's former driver and mob goon Marvin Elkind, Hoffa's corpse rests below the cement foundation of the Renaissance Center. Elkind co-wrote Weasel: A Double Life in the Mob with a Canadian journalist, and according to one passage, reported mob boss Anthony Giacalone told Teamsters delegates to "Say good morning to Jimmy Hoffa, boys," as
General Motors is looking to deck the Renaissance Center in more LED lighting, according to a report from The Detroit Free Press. The manufacturer has already installed one ring of the colored lights at the top of its tower and has petitioned the City of Detroit to allow the building to be fitted with vertical LED strips along the exterior elevator of the main tower. GM also wants the city to relax its signage regulations to allow it to scroll messages across the sign at the top of the center to
Steven Rattner, former automotive adviser to President Barack Obama, has just written a juicy account of last year's automotive bailout, complete with insights on the coming and goings of CEOs, courting foreign saviors and the General Motors plan to abandon its Renaissance Center headquarters. In his book, "Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry," Rattner says that GM wanted to walk away from its expensive towers in downtown Detroit and
While early rumors suggested that this morning's surprise news conference at General Motors' Renaissance Center might be to confirm the sale of Saab to Spyker, the big news emanating from the company's Detroit headquarters is that Ed Whitacre Jr. is scrubbing 'interim' from his door plaque and instead taking the title of permanent CEO.
On Monday, the Tea Party is coming to Detroit and crumpets are not on the docket (*rimshot*). The traveling band of disgruntled Americans is heading over to General Motors' Renaissance Center between 9:30 AM and noon to protest against the fed's stake in GM and Chrysler. The protest is well-timed, with 6,000 journalists and government dignitaries a few hundred yards away at the first media day of the Detroit Auto Show.
There are roughly 4,000 GM employees working at the company's Renaissance Center headquarters in Detroit. During the restructuring, GM has been working out how many employees to let go and where to put the remainder, and that, for the state of Michigan, meant another few thousand workers unemployed.
According to The Detroit News, General Motors has gone on record as suggesting that without state tax credits designed to keep 2,500 employees ensconced at its Detroit Renaissance Center headquarters, the automaker could pull out of Motown's skyline and into the suburbs and surrounding areas.
As Michael Moore Tweeted, "Here's a video of my first official visit inside General Motors headquarters." For you youngsters out there, before Michael Moore made Bowling for Columbine, Fahrenheit 911, and Sicko, twenty years ago, he made a little film called Roger & Me. That film, Moore's first, chronicled the extreme hardships in Moore's native Flint, Michigan after CEO Roger Smith decided to move most of General Motors' jobs out of town and down to Mexico, laying off some 30,000 American w
Earlier this month, General Motors CEO Fritz Henderson said in reference to the possibility that the automaker may move its headquarters from Detroit: "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. 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."
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?"
So what if the Chevy Volt won't actually hit the open market until late 2010 (hopefully), the next time you visit Detroit, you can always stop and get your EV fix at the Volt Bar and Grill, which, not surprisingly, is located just a few steps away from GM's corporate headquarters at the Renaissance Center. According to our friends at Jalopnik, the joint isn't actually officially paid to use the Volt name, but it did get a nice leftover sign from a past auto show display to use, and that's got to
One thing's for sure, General Motors is not very good at playing the real estate market. Last May the world's biggest automaker finally bought its world headquarters in downtown Detroit called the Renaissance Center for the sum of $626 million. It had initially bought into the complex of seven buildings back in 1996 for $75 million, but had continued leasing office space there until the purchase earlier this year. Here we are not five months later after the purchase and GM is reportedly consider
One upside to a faltering real estate market is a plethora of good buys on property. General Motors took advantage of that fact by purchasing its Renaissance Center headquarters in Detroit for $626 million in cash. For another $200 million it picked up a couple of office buildings in Pontiac, too.