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

    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      Phoque him and las vegas!!! Phoque the whole damned country that is the usa!!!  Fix your own shyte! Canadians need not be a money mine for any american tourist site or area!!! trump and many maga a&&hol3s want to make Canada an enemy and actually want to occupy Canada. Many other americans are phoquing clueless to  trump's bullshyte!!!   Phoque that!!! There are only a hair above 40 million Canadians. There are a hair below 350 million americans.  trump said and continues to say that he and the usa does not need anything Canadian.  So phoque trump and phoque the usa!!!  Let americans visit and tourist las vegas and any other american area.  desantis who says continually "who needs Canadians?" and he FALSELY claimed last December  that florida had record breaking visitors mocking Canada's boycott to florida!!! Like I said...fix your OWN shyte!!!  Let the mayor of las vegas strike up a deal and pour marketing money INTO florida begging floridians to visit las vegas.  There are a hair below 25 million a&&hol3s in florida. floridians could visit las vegas!!!  And las vegans and nevadans could return the favour and visit Disney...  In fact, all of america could visit there OWN phoquing country and do their own phoquing tourist vacations within their OWN phoquing dumb a$$ country!!! Canada and Canadians NEED to stay the PHOQUE away from shytty usa!!!  Get killed by an ice agent?  Phoque off!!! Get accosted by a border agent???  Phoque off!!! Get robbed by a desperate down and out american loser because he voted for trump and trump phoqued him?  Phoque off!!!  But you know what the REAL sad news is about this whole shyte???!!!   https://www.cbc.ca/news/canada/calgary/southern-alberta-mustangs-collision-9.7071643   Rest in Peace 3 Southern Alberta Mustang junior hockey players died in a car crash yesterday afternoon. 2 were from British Columbia and the other boy from Birmingham Alabama.  ALABAMA... The kid was from Alabama playing hockey. In CANADA!!!  And the reverse happens quite often. Kids from Flin Flon Manitoba, play in the States in hockey with US scholarships...   Kids from Boston come to Montreal  and play for McGill or Concordia and Montreal kids play for Boston College...  Its quite sad that trump has made us enemies...   Its even sadder that some americans have accepted it!!!   
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Hyundai Reported Sales
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      I find it funny that the Mayor and other politicians are begging Canadians to return to Vegas, but Mexico has won out, so I do not see them returning and the amount of visitors to Vegas has dropped to levels from 2000 to 2003. Billions lost and deserved based on the stupidity of the U.S. Canadian airlines are abandoning Las Vegas at levels not seen since 2006
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      OUCH so happy this is blowing up in the idiot administrations face. Don Lemon’s arrest turned into a MAGA misfire
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Oops, welcome to Idiot47 Tariff party GM, want to reduce employees and shifts, then a refund is required to the canadian people. GM took the money, now Canada wants payback

  • 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