In a simple coincidence, Ford Motor Co. (NYSE: F | F Price Prediction) moved into a new headquarters in November. It is based in Dearborn, where its previous headquarters, known as the Glass House, was built in 1956. It will soon demolish the Glass House.
General Motors Co. (NYSE: GM) has just moved its headquarters from the Renaissance Center in downtown Detroit, the tallest building in Detroit, to nearby Hudson’s building, once the site of one of America’s largest retailers.
To be direct, Ford made a conscious decision not to move into the troubled city. It did overhaul a nearby building known as the Michigan Central Station. It rebuilt the disintegrating former rail station and the surrounding area. The cost of this has been pegged at $950 million. Ford could have had an impressive headquarters in Detroit by investing that amount to build its home base.
Ford says its new headquarters will change “Ford’s workspaces, as well as the employee experience.” It will also change the way that Ford tests new products and improves products for its customers. Again, that does not have to happen in Dearborn. It could happen in many places in the Detroit area, including within the city limits.
Ford has actually built a new campus. About 14,000 people will work in the area.
As the Detroit News reported when GM announced its new headquarters, “Hudson’s Detroit is GM’s fourth headquarters in the city and comes under the leadership of two Metro Detroit natives: CEO Mary Barra and President Mark Reuss.”
General Motors Stock Price Prediction and Forecast 2025–2030
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