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,
Although the move is really intended to save money for America's largest automaker, General Motors' announcements that it would be turning off the escalators at its corporate headquarters between the hours of 7 p.m. and 6 a.m. and for the weekends will, of course, have another desirable effect, that of reducing the building's energy usage. In another environmentally-sound cost cutting move, the automaker
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.