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GMAC Financial Services to Remain in Detroit

February 24, 2009

NEW YORK – GMAC Financial Services confirmed in a statement issued Monday that it is expanding its Charlotte, N.C., offices. The statement also put to rest rumors that it's moving its Detroit headquarters to that state.

“During the first decades of our 90-year history, GMAC was headquartered in New York City. For the past quarter-century, GMAC has headquartered its business in Detroit and has no current plans to change that status.

“We have large and significant business operations and staffs in a variety of U.S. and non-U.S. cities, including the addition of an expanding corporate center in Charlotte, NC, where many of our senior executives are located. Otherwise, it is not productive to speculate on possible future changes.”

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