GM to move international headquarters to Singapore from Chin

[tanbk]

GM to move international headquarters to Singapore from China

 

Reuters

Wednesday, Nov 13, 2013

 

General Motors Co (GM.N) said on Wednesday it would move its international operations headquarters to Singapore from Shanghai in the second quarter of 2014.

 

The automaker said it would have about 120 employees in Singapore, who would oversee "key parts" of the company's business in the Asia-Pacific region, Africa, the Middle East and Chevrolet and Cadillac Europe.

 

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Does it mean that we will start to have more Chevrolets on the roads?

 

 

[TVT]

We may see more of other GM products on SG roads. Eg. Holden, Opel, GMC....

[Kangadrool]

thought the GMODC premise in Benoi area was closed down few years back?

 

Got vacancy for locals anot?

Edited November 14, 2013 by Kangadrool

[TVT]

 

Got vacancy for locals anot?

 

Should have lah.....

 

A good chance to work with the ang mo female executives, maybe.

[Kangadrool]

Hello calling Pisces69, GMODC good to work inside bo?

[Baal]

So buying a chev will be cheaper & cost of spares lower.

 

But the 120 jobs will it go to Sinkys or those who are cheaper better & faster?

[Kb27]

thought the GMODC premise in Benoi area was closed down few years back?

 

Got vacancy for locals anot?

 

Ang mo will occupy the top layer.

Highly trained Shanghainese AT will occupy middle and lower management layer.

 

There will be jobs for runners, cleaners, janitors and pick me ups.

Oh yeah, got vacancy for locals.

[Knoobie]

So buying a chev will be cheaper & cost of spares lower.

 

But the 120 jobs will it go to Sinkys or those who are cheaper better & faster?

 

 

headquarters move only wor.. not factory or assembly plant..

 

many company headquaters here but manufacturing overseas..

[Kangadrool]

HQ moved from Shanghai, China to Singapore probably means:

 

- it's very expensive to upkeep it in China, costs very high, higher than Singapore

- taxation aren't as favourable as Singapore, which welcomes them with not only low taxes, but also tax holidays/exemption/special low rates.

- difficulty to get permits for foreigners/expats to work there and personal taxation for expats is too high, unlike here.

 

Hmmmm, I do see a similar trend from my side and other MNCs around.

[Penn1]

I think the tax structure plays a big part in GM decision to move their HQ here

[Baal]

Well if TD is going to be the next big thing in SG, will GM moving here translate to cost savings for Chevvy cars?

[Ichibawa]

Moving their HQ here doesn't translate to cheaper GM cars.

[Kangadrool]

Moving their HQ here doesn't translate to cheaper GM cars.

Yup, it also doesn't mean the presence of their cars here will increase. GM used to have a HQ here 10 years ago, but sales of GM cars are few. Singapore is just a red dot; there's no significant market within. What HQ/HO does is to support the greater areas from Singapore due to our "open floodgate" policy. Reckon tax incentives is on the top and also the ability to staff without much restrictions.

 

Not only GM, there are many MNCs also moving their "expats" from various countries to Singapore as they are having difficulty in securing employment pass/permits in other SEAO/AP countries.

Edited November 19, 2013 by Kangadrool