"God Bless the Dream, the Dreamer and the Result." 

Tuesday, October 7, 2008

GM May Sell Detroit Home Base

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.

No comments: