GM to move headquarters to new Detroit development

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General Motors (GM) held a press conference Monday afternoon announcing that the company will move its headquarters from the Renaissance Center to the new Hudson's development, which will be the second tallest tower in Detroit, Michigan. The press conference was led by CEO Mary Barra, who recently spoke to Yahoo Finance about the transition to EVs.

Yahoo Finance Reporter Pras Subramanian breaks down the latest development for GM and what it could mean for the company moving forward.

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This post was written by Nicholas Jacobino