GM International Headquarters Moving to Singapore

GM International Headquarters Moving to Singapore


General Motors Co . ( GM ) will move its international headquarters from Shanghai to Singapore as part of change management . The effort is intended to focus on the rapidly growing foreign markets .

Detroit automakers , the United States said it would hire 120 workers in Singapore after the office opened in the second quarter of 2014. Singapore office will oversee GM's key business in Africa , Southeast Asia , Australia and New Zealand , India , South Korea and the Middle East , as well as Chevrolet and Cadillac in Europe , according to company information .

Approximately 250 of the 300 employees in China , as well as 245 employees in South Korea will not be moved .

The move " will help us create a new identity GM CIO and lead strategy for the region , " said Executive Vice President GM , Stefan Jacoby , Consolidated International Operations division superintendent of the company.

In August , GM reorganized the company . In the new structure , GM's business in China of breaking international operations by focusing more on the emerging markets are undergoing rapid growth . China , which recorded a 30 % total sales of GM vehicles will have its own management team .

Previously , Tim Lee , president of GM China , was once the president of GM's international operations . Jacoby and Lee is responsible to the Managing Director of GM , Dan Akerson .

According to GM , the Singapore office location can not be determined .

Analysts like Boston Consulting Group said the automaker must take into account that in addition to the BRIC countries - Brazil , Russia , China , and India - such as Indonesia , Thailand , and Malaysia , in addition to also state in the Middle East and north Africa or South America Chile - kind and Argentina .

In a recent interview , Lee said that since joining , Jacoby has visited a number of key markets , reviewing product plans , and meet consumers by taking the example of the African market , Australia , and South Korea . " He's always on the go , " said Lee .

GM's international operations unit is the second largest source of income after a North American company . The unit produces pre-tax profit of $ 2.19 billion with revenue of $ 27.69 billion in 2012 . Last year , the North American unit reported a pre-tax revenue of $ 6.95 billion to $ 94.60 billion in revenue (WSJ)