General Motors Corp. is
considering all options to cut costs, even moving out of its Detroit
headquarters, but no decision has been made, chief executive Fritz
Henderson said on Monday.
a conference call with reporters, said the firm would consider selling
plants, renegotiating its restructuring plan with the United Auto
Workers ahead of a deadline on June 1 to avoid bankruptcy, he said in a
conference call with reporters, according to Reuters.
headquarters in downtown Detroit are located at a complex of towers
that includes various retail and hotel operations called the
Renaissance Center. GM purchased the center for $625 billion in 1996
and has poured in millions of dollars to renovate the complex which was
originally built in the 1970s.
As we look at the structure, look
at the business, we're looking at everything, particularly as we slim
down, Henderson said. At this point, I don't have anything to report.
We don't have any such plans, but if we did it would be motivated by
business rationale, which would be cost-efficiency and speed.