General Motors will ask to borrow $500 million from pension funds for Detroit city employees to refinance its headquarters, the Renaissance Center, the News reports. The firm will make a pitch to the police and fire retirement system Thursday; GM will consider selling the landmark and leasing office space inside if it can’t get the funds. No matter what, GM said, it will not leave Detroit.
"God Bless the Dream, the Dreamer and the Result."
Tuesday, October 7, 2008
GM May Sell Detroit Home Base
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