General Motors is open to considering moving its headquarters from Detroit, selling off U.S. plants and even renegotiating parts of its restructuring plan with its major union, the new chief executive said Monday. CEO Fritz Henderson, on a conference call with reporters, said it was more probable that GM was headed for bankruptcy by June 1—the U.S. government-imposed deadline for the automaker to restructure or face bankruptcy.
GM purchased its glass-towered headquarter building known as Detroit's Renaissance Center last year for $625 million.
Good luck unloading Detroit's Renaissance Center, GM. And maybe it's time to come up with a "Buffalo Commons" proposal for the state of Michigan.