Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • Drew Dowdell
    Drew Dowdell

    By Drew Dowdell •

    General Motors Looked At Selling RenCen in 2018

      ...Possible sale as part of a global restructuring...

    Among General Motor's restructuring and cost slashing activities of 2018, GM was apparently in talks to sell their headquarters in Detroit.  GM bought the Renaissance Center in 1996 for $70 million and has made substantial renovations over the years.   The RenCen, as it is also known, was originally built by Ford in 1971 who later sold it in the 1980s.

    The potential buyer was billionaire Dan Gilbert.  Talks fell through rather early because the aging structure requires expensive upgrades to its heating and air conditioning systems along with other renovations. There does not appear to be another buyer in talks with GM at this time.

    News of the potential sale follow a year of cost cutting measures by the company that include closing five North American plants and cutting up to 14,000 jobs.  The company hopes to have $6 Billion in annual savings by 2020. 

    Edited by Drew Dowdell

    Go to articles

    User Feedback

    Recommended Comments

    Drew Dowdell
    20 minutes ago, riviera74 said:

    IF GM were successful in selling RenCen, where would they move the HQ to?  Or would it be a sale and leaseback?

    No idea either way. I don't think they got far enough for it to start to matter. 

    Link to comment
    Share on other sites
    oldshurst442

    Downsizing is an amicable and sensible idea. Assuming that GM wants to sell and move out of RenCen is for downsizing reasons and assuming that GM is still considering selling and moving out...

    There is no need for an ostentatious and lavish headquarters in today's world reality.  However, a big corporation as big as GM or Mercedes does need sufficient real estate to house all the necessary offices required...

    Has GM outlived the need for a headquarters as imposing as RenCen?

    Whatever building they decide to move to if they sell RenCen, Im willing to bet the new place wont be as flamboyant nor quite as big either. 

     

     

     

    Link to comment
    Share on other sites
    balthazar

    balthazar 15,107

    Posted (edited)

    Anyone have any ideers on the occupancy of the RenCen by GM / other companies? I can see if they own the building and it has a lot of unleased space… but otherwise I would assume the move & purchase cost of another would be huge.

    Is there room for new construction in Warren @ the Tech Center? 

    Edited by balthazar
    Link to comment
    Share on other sites
    Drew Dowdell

    Well there is many floors of a hotel in there. Plus restaurants, conference centers... It's a bit like a mall on the first few floors. 

    Very confusing to find your way around though.

    • Thanks 1
    Link to comment
    Share on other sites
    daves87rs
    4 hours ago, balthazar said:

    Anyone have any ideers on the occupancy of the RenCen by GM / other companies? I can see if they own the building and it has a lot of unleased space… but otherwise I would assume the move & purchase cost of another would be huge.

    Is there room for new construction in Warren @ the Tech Center? 

    Pretty much what Drew said...I know there is a small mortgage company in there as well.

    And with the way they are cutting the upper fat right now, I think they could squeeze those folks into Warren......

    Link to comment
    Share on other sites
    NINETY EIGHT REGENCY

    Maybe they could move back to the old building that is called "Cadillac Place" now or move things out to the tech center in Warren, Michigan.They stopped construction on expansion of the tech center.  They must have realized they needed to right size the company. 

    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×



  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • trinacriabob
      Random Thoughts Thread

      By trinacriabob · Posted

      Windows 11 ... Ok, the laptop was upgraded from Windows 10.   There were a couple of power offs and restarts.  Once I got onto the Microsoft Installation Assistant, it went smoothly. Interfaces and dialogue boxes are a little more user friendly. Here's the deal.  I had about 45 GB free before I started the upgrade.  I understand that Windows 11 takes up about the same amount of space as 10.  I've seen posts where people complain that it has taken up a larger amount of disk space than they had before.  The answer comes back that the system drive is temporarily "borrowing" this surplus of space and we'll be giving it back over time.  Is this plausible?  Duplicate files?  How long to get the extra GBs freed up? Thanks.
    • oldshurst442
      CHINESE EVs COMING TO CANADA

      By oldshurst442 · Posted

      https://insideevs.com/news/784657/china-ev-tariff-canada/   https://www.cbc.ca/news/politics/what-is-in-canada-s-trade-agreement-with-china-9.7049082   “We’re building a new part of our car industry, building cars of the future in partnership, bringing affordable autos for Canadians at a time when affordability is top of mind, and doing it at a scale that allows for a smooth transition in the sector”       Details: Canada will tariff Chinese EVs at 6.1% instead of what it was which was 100% The first year, there is a limit of 49 000 cars to enter Canada but each year the limit will increase to 70 000 cars by the 5th year.  Prime Minister Carney said this is a deal that: "we're building a NEW part of our car industry building cars of the future in PARTNERSHIP, bringing affordable autos for Canadians at a time when affordability is top of mind, and doing at a scale that allows for a smooth transition in the sector"    Ontario leader Dougie Ford has negatives to say about it...forgetting though that GM usa, FoMoCo usa and Chryco usa voted for tariffs and Canadian built cars. trump also said that he does nor want, americans do not need Canadian cars...   So he is kvetching for nothin' about on Carney's side and bitchin' at the wrong tree... He should realize that certain shytty americans do not want Canadian anything, let alone automobiles.   PHOQUE the usa!!! PHOQUE americans!!!  The bolded CAPITILIZED words "NEW" and "PARTNERSHIP" quoted by Carney but  assumed by me may mean that and Im speculating here, reading into something that may NOT exist, that if and when Chinese EVs are a success sales wise in Canada and the plants that produce GM, Ford and Chrysler cars in Ontario do close down for a myriad of reasons, MAYBE Chinese factories manufacturing these EV will be on Canadian soil... "we're building a NEW part of our car industry building cars of the future in PARTNERSHIP...doing it at a scale that allows for a smooth transition" Takes a lot of reading between the lines...     But maybe there is nothing there also...    Anyway you slice it though, not good for the us auto industry in the long term. Especially when GM and Ford have no choice but to putz around in the us/Canada market. And since neither of them have any sort of global presence of any significance...   Well...PHOQUE THEM!!!   
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Yes seems annarath | Cheers & Gears is a Bot for sure. @Drew Dowdell can you please remove them. Thank you
    • surreal1272
      Random Thoughts Thread

      By surreal1272 · Posted

      Looks like it's time for another bot posting purge.  
    • trinacriabob
      Random Thoughts Thread

      By trinacriabob · Posted

      I am the proud owner of this: It was on my list of things to do for the new year and it has arrived.

  • Who's Online (See full list)

    • There are no registered users currently online

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search