Jump to content
Create New...
  • 💬 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

    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

    User Feedback

    Recommended Comments

    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

    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

    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

    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

    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

    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

    • The Greek farmers are getting down and dirty becoming violent for seemingly less reasons.  Not less reasons, for the same reasons americans should be getting down and dirty and almost violent.  americans have MORE content to become protesty and rioty than Greek farmers do.   https://www.reuters.com/business/environment/protesting-greek-farmers-disrupt-port-operations-nationwide-blockades-persist-2025-12-10/ VOLOS, Greece, Dec 10 (Reuters) - Dozens of Greek farmers disrupted operations at the regional port of Volos on Wednesday as part of a nationwide demonstration to protest delays in farm aid payments and high production costs. Farmers have deployed thousands of tractors and trucks in dozens of blockades for days, disrupting traffic at several junctures along major motorways and intermittently blocking border crossings as they face a shortfall of more than 600 million euros ($698.58 million) in European Union aid and other payments. The delays were prompted by investigations into a corruption scandal in which some farmers, aided by state employees, faked land ownership to qualify for payouts. Ongoing audits have slowed subsequent disbursements       Fraud, scandals, theft, lies.  Loss of revenue, theft of revenue.  CORRUPTION...   In Greece... Sound phoquing familiar?   And Greeks are fighting this as SOON as fraud, scandals, theft, lies.  Loss of revenue, theft of revenue.  CORRUPTION was revealed...     I guess this was uncovered at about summer time.    The usa has been under fraud, scandals, theft, lies.  Loss of revenue, theft of revenue.  CORRUPTION with trump SINCE 2016...  And NOTHING of a push back by americans...  From hush monies stolen from republican coffers to silence Stormy Daniels and Karen McDougal to outright getting caught with lies about voter fraud and instigating an insurrection to flat out refusing to leave office to stealing classified documents to illegally firing judges and all other governmental employees such as generals and FBI leaders to paying off judges to throw out legal court cases against him to becoming a phoquing felon with 34 or so counts against him of being a bank fraudster to lying about eating the cats and the dogs to allowing the kentucky whiskey industry and soy bean industries go to hell... Where are the soy bean farmers protesting?  Twice they got burned by trump. Where are the employees of the whiskey industry protesting? Where are the truckers protesting? They also got burned twice by him? Where are the tourist industry employees?  They blame Canadians and view Canadians as the reason for their misery but also view Canadians as their saviours?  Why arent THEY protesting in the streets like Greek farmers are doing? I guess I shouldnt be reading too much into it... All is great in the good ole usofa...    Phoque the usa is all I have to say!!!   Especially when no american is willing to fight for his rights and freedoms... 
    • That is a Royals Royce SUV. DISCOVER CULLINAN SERIES II
    • No One Got a Check, This country is too broke to afford giving out money to buy their silence. The administration is broke, this country is broke, there is no reason for any of what Idiot47 has done. From the giving away billions to useless defense contractors to paying to continually refurbish out dated military machines like tanks in California's high desert, the military has stated over and over it needs to get lighting fast and the old equipment is dead. So all the tanks, boats, everything that Idiot47 says makes us strong is actually bleeding America dry. 51% for sure of this country is dumber than nails, look around where Biden pushed for battery plants, new technology that would drive jobs and Idiot47 is tearing it down cause living in the 50's and 60's was the golden age for him. Corrupt Dirty Donald to the core.
    • The black SUV in the last pic is a Rolls Royce Cullinan...definitely a Hollywood bling wagon for people with too much plastic surgery and money...maybe a Kardashian or Kardashian-adjacent.  That 80s Riv convertible is sweet as is the silver '62 Impala. 
  • 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

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