Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
General Motors
13-11-2013, 04:05 PM. (This post was last modified: 15-11-2013, 03:35 PM by CityFarmer.)
Post: #1
General Motors
GM to move international HQ to Singapore from China

SINGAPORE — General Motors said today (Nov 13) that it will move its international operations headquarters to Singapore from Shanghai in the second quarter of 2014.

The shift comes after GM split its China operations from its international unit earlier this year, saying that would make it easier to focus on the Chinese auto market, the world’s largest.

The move is likely to come as a blow to Shanghai, which has been trying to compete with the likes of Singapore and Hong Kong as a place for multinational companies to base their Asia headquarters.

GM said it had considered other locations for the relocation and looked into keeping the headquarters in Shanghai, but eventually decided on Singapore.

“It offers several advantages, including greater proximity to key markets such as ASEAN and India, the Middle East and Africa,” said Ms Lori Arpin, vice president of communications at GM International Operations.

Many multinational companies are lured to Singapore’s shores by its competitive tax rates, use of the English language, skilled workforce and high standards of living.
...
http://www.todayonline.com/business/gm-m...pore-china
=========== Signature ===========
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡

Find Reply
13-11-2013, 04:19 PM.
Post: #2
RE: GM to move international HQ to Singapore from China
So funny, move to china in 2005 then move back to Singapore again..
http://www.atimes.com/atimes/China/FF25Ad03.html


GM relocates Asia-Pacific headquarters to China
By Martin Young

BANGKOK - General Motors, the world's largest auto maker, will relocate its Asia-Pacific regional headquarters from Singapore to Shanghai by January next year, GM Chairman and CEO Rick Wagoner announced.

"Establishing our regional headquarters in Shanghai recognizes how important China has become to our plans to expand our global industry leadership," Wagoner said Wednesday. "Having a strong presence in this dynamic and growing market is not an option anymore, it's a necessity."


Hmmm.. maybe they cannot tahan the daily hacking of their servers in China..haha.

Find Reply
13-11-2013, 04:48 PM. (This post was last modified: 13-11-2013, 07:59 PM by CityFarmer.)
Post: #3
RE: GM to move international HQ to Singapore from China
(13-11-2013, 04:19 PM)yeokiwi Wrote: So funny, move to china in 2005 then move back to Singapore again..
http://www.atimes.com/atimes/China/FF25Ad03.html


GM relocates Asia-Pacific headquarters to China
By Martin Young

BANGKOK - General Motors, the world's largest auto maker, will relocate its Asia-Pacific regional headquarters from Singapore to Shanghai by January next year, GM Chairman and CEO Rick Wagoner announced.

"Establishing our regional headquarters in Shanghai recognizes how important China has become to our plans to expand our global industry leadership," Wagoner said Wednesday. "Having a strong presence in this dynamic and growing market is not an option anymore, it's a necessity."


Hmmm.. maybe they cannot tahan the daily hacking of their servers in China..haha.

Nine (9) years is a long time, a lot of things have changed.

May be due to cannot "tahan" the air pollution...Big Grin
=========== Signature ===========
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡

Find Reply
13-11-2013, 05:14 PM.
Post: #4
RE: GM to move international HQ to Singapore from China
I think more likely cannot tahan copycats, the biggest problem in china is the lack of IP and copyright laws enforcement. Anybody can copy your design. How to recover r&d costs?

http://jalopnik.com/these-are-chinas-mos...-477338110

Previous companies like GE setup aircraft engine plant in china only to close or sell out to local partners after a few years.

Find Reply


Forum Jump:


Users browsing this thread: 2 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com |