A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact'
unless so noted. Please visit our Hot News page for news. If you have a rumor, or can supply
more information about one listed here,
e-mail us with as
much supporting information as possible and we may post it. User Agreement and Disclaimer.
Newer rumors supersede older ones of the same topic. Go to our
discuss any rumor.
GMAC may move from rust belt to sun belt GMAC Financial Services, whose Motor City roots date back 90 years, is considering changing its headquarters from Detroit to Charlotte, N.C., but would keep its auto financing arm here.
One reason for considering the shift: Charlotte is the home of GMAC CEO Alvaro de Molina, who joined GMAC in 2007 after a 17-year career at Charlotte-based Bank of America.
"Our CEO lives in Charlotte and operates out of that city. Whether we decide it becomes our legal headquarters, I don't know," said Toni Simonetti, GMAC spokeswoman. "But we are going to have a strong presence in Detroit. Detroit is the center of our auto business and that is not going to change."
No timeline has been set when the decision would be made, she said, but, the regional financial center is actively wooing the firm.
Another motivation for a move reflects the rise of the southern U.S. versus the failure of Michigan's sputtering economy, said Lansing economist Patrick Anderson. [In other words, move from the rust belt to the sun belt]
"Financial institutions like to go where the action is in terms of building and borrowing and people. Charlotte is an attractive base," Anderson said. Detroit News
Copyright 1999-2016 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, Sprint, or any other series sponsor.
This material may not be published, broadcast, or redistributed without