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Will GM move its headquarters out of Detroit in 2009?

Background: Rumors, rumors. Could it be that General Motors really would consider abandoning its Detroit headquarters building and move its central operations somewhere else? Or is it just a scare tactic, to get concessions from the unions or whoever else GM may need to scare. News background:
http://www.businessweek.com/autos/autobeat/archives/2009/05/gm_leaving_detr.html

"Could General Motors be headed out of Detroit? These days, nothing is unthinkable. During a briefing with reporters today, General Motors CEO Fritz Henderson was asked if the company would move from its glass tower headquarters in downtown Detroit. That idea was kicked around in the local papers last week. Henderson was hardly convincing in his denial that GM could move. He said “We’re looking at everything,” but added that “we don’t have any plans” to move the headquarters. That answer has even less conviction that George H.W. Bush’s “read my lips” quote about no new taxes." - BusinessWeek May 11

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
Yes
5%
No
95%
Question suspends in 5 weeks

Suspend date: Thu 31st Dec 3:59pm PST (5 weeks to go)

Initial likelihoods: Yes: 20%

Action history:

Created Fri 22nd May 12:13pm PST by raidersin09

Suspend date: Thu 31st Dec 3:59pm PST (5 weeks to go) details

 

Predictions (28)

6 days ago
bangalore19 predicted Yes (H$20 at 5%)
16 weeks ago
spacemonkey1229 predicted No (H$100 at 86%)
20 weeks ago
shackleford predicted Yes (H$20 at 16%)
22 weeks ago
greggles predicted No (H$50 at 84%)
23 weeks ago
djeter2 predicted No (H$5 at 84%)

Comments (1)

  1 Erik
I don't know about moving, but the Feds are evidently picking out GM's furniture:

"Next chair is chosen for GM"
http://www.freep.com/article/20090610/BUSINESS01/906100330/1002/NLETTER01/
posted 23 weeks ago

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