GMAC Dispels Rumors about Headquarter Move
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NEW YORK — Late Friday, GMAC Financial issued a statement about its headquarters location indicating that it has no plans to change its current home base.
More specifically, the company said, "During the first decade of our 90-year history, GMAC was headquartered in New York City. For the past quarter-century, GMAC has headquartered its business in Detroit and has no current plans to change that status.
"We have large and significant business operations and staffs in a variety of U.S. and non-U.S. cities, including the addition of an expanding corporate center in Charlotte, N.C., where many of our senior executives are located. Otherwise, it is not productive to speculate on possible future changes," GMAC concluded.
There had been several media reports that GMAC intended to move its headquarters to Charlotte.