General Motors to open new headquarters in Singapore

Article by Anita Panait, on November 14, 2013

General Motors will open a new headquarters in Singapore to be able to oversee markets that include Southeast Asia and India in the second quarter of 2014. It will be headed by Stefan Jacoby, an executive vice president at GM, with an oversight of over 120 employees, GM said in a statement. The operation will also oversee GM’s operations in South Korea, the Middle East, Africa, Australia and New Zealand.

GM reorganized its overseas businesses in August, separating China in the process. The carmaker named Tim Lee as chairman of its Chinese operations and placed Jacoby in charge of over 100 countries and territories. Lee remains in Shanghai, China where the current operations are based. He oversees 12 joint ventures and more than 55,000 employees.

Namrita Chow, an analyst at IHS Automotive, told Bloomberg that GM is strengthening its sales in high-growth markets in Asia and Africa, especially markets like Indonesia. He noted that a base in Singapore will help GM expand its focus on those markets without having them sidelined by its China operations.

GM, which has two plants in India and one in Thailand, sold 2.84 million vehicles in China in 2012, making it its biggest single market. It expects to sell 3 million vehicles this year in China. GM is investing $11 billion by 2016 on new site and products in China and is currently building four assembly sites to heighten its production capacity to five million vehicles annually by 2015.

Topics: gm, headquarters

If you liked the article, share on:

Comments

Recommended

Mitsubishi finally introduces the new Xpander MPV at the 2017 Indonesia International Auto Show in Jakarta Indonesia. Replacing the previous Expander, the new multipurpose vehicle will be mostly sold at...
by - August 16, 2017
Infiniti revealed its retro Prototype 9 race car before its slated debut at 2017 Pebble Beach Concours d'Elegance next week. In a recent press release, the company not only disclosed...
by - August 16, 2017
In the United States, not many automakers offer crossovers with a diesel engine option, but Chevrolet does, with their 2018 Equinox. Those who opt for this engine will get some...
by - August 16, 2017
Here are some things that potential buyers of the Ford F-150 and Ford Expedition could look forward to for the 2018 model year. The 2018 models of the F-150 pickup...
by - August 15, 2017
We first saw the McLaren 720S earlier this year when it made its debut at the Geneva Motor Show, and we all agree that it is a beautiful car. But...
by - August 15, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries