GM to move in'l ops HQ to Singapore

[SINGAPORE] To capitalise on the fast growing markets of South-east and South Asia, American car giant General Motors is moving its consolidated international operations (CIO) headquarters to Singapore from Shanghai.

The relocation in the second quarter of next year will allow the US carmaker to "create a renewed identity for CIO and lead GM's umbrella strategy for the region", said CIO executive vice-president Stefan Jacoby in a statement yesterday.

GM added that there would be about 120 employees at its Singapore HQ. The location is yet to be determined.