[CORRECTED] CHINA: GM relocates CIO HQ to Singapore
General Motors has announced plans to relocate its “Consolidated International Operations" headquarters from Shanghai to Singapore in 2014.
The move will help strengthen its management of key markets, including India, Middle East and North Africa, as well as other markets in South-east Asia.
Stefan Jacoby, executive vice-president of CIO, said GM is looking to “create a renewed identity for CIO and lead GM’s umbrella strategy for the region.”
The new CIO headquarters in Singapore is expected to employ some 120 staff, with responsibility for regional sales and marketing, product planning, finance, government relations, human resources, IT, legal and communications functions.
It will oversee key parts of the company’s business in Africa, ASEAN, Australia and New Zealand, India, Korea and the Middle East, as well as Chevrolet and Cadillac Europe.
The move will also help GM’s Shanghai operations focus more closely on competing in China. A GM spokesperson added that “China is the world’s largest vehicle market and it demands singular attention and focus for GM to remain a leader”.
General Motors to Relocate Consolidated International Operations Headquarters to Singapore
Singapore – General Motors announced today that it is relocating its Consolidated International Operations (CIO) headquarters from Shanghai, China, to Singapore in 2014.
“Having a team in Singapore is a key step in CIO’s transformation,” said GM Executive Vice President, CIO, Stefan Jacoby. “It will help us to create a renewed identity for CIO and lead GM’s umbrella strategy for the region. We are looking forward to being an important part of the Singapore business community.”
GM will have about 120 CIO employees located at its headquarters in Singapore when it opens in the second quarter of next year at a location still to be determined.
The new headquarters will include representatives from GM’s regional Sales and Marketing, Product Planning, Finance, Government Relations, Human Resources, IT, Legal and Communications functions. It will oversee key parts of the company’s business in Africa, ASEAN, Australia and New Zealand, India, Korea and the Middle East, as well as Chevrolet and Cadillac Europe.
Original source: GM Consolidated International Operations
Business Monitor International's Australia Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with indepe...
With the ignition switch recall ongoing, General Motors has rehired a former public relations executive, Steve Harris, to benefit from his advice and experience during this troublesome period for the ...
Only two automakers - Fiat and Renault - are organised in Brazil as PLC companies and therefore obligated by law to issue financial results yearly. The others are LLC companies with balance sheets con...
Holden has posted a loss of more than AUD620m (US$579m) for 2013. The GM division blames costs related to closing domestic manufacturing by the end of 2017....
- Clio R.S. 220 Trophy & future Renaults
- THE WEEK THAT WAS - Scion and Ford workers' chop
- Q&A - Visteon CEO Sachin Lawande
- THE WEEK - New car, mergers, results, Iran
- January 2016, management briefing (Part 2)
- Ford Europe looks to cut staff
- Geneva premieres list - Bentley Mulsanne facelift
- Spreading virus prompts Tata to re-name new model
- 2016 Delhi Auto Expo - world premieres list
- Toyota to axe Scion youth brand