General Motors is moving its international headquarters from Shanghai, China, to Singapore. Stefan Jacoby, an executive vice president, will oversee about 120 employees in the new location, GM said in a statement.
The move, which expected to be complete in the second quarter of 2014, is part of the maker’s recently announced plans separate China operations from its international unit.
By splitting China from that group, the company can focus on the Chinese marketplace, which is the largest in the world. GM sold 2.84 million autos in China last year, making the country its biggest single market, and expects to deliver 3 million vehicles this year. (more…)