Breaking down GM's decision to move headquarters out of RenCen

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  • čas přidán 27. 05. 2024
  • We break down GM's decision to move its headquarters out of the RenCen and to the Hudson's site.

Komentáře • 118

  • @OhioPalmTrees
    @OhioPalmTrees Před měsícem +54

    lol only in detroit are anchors wearing leather jackets like they literally just walked in lol

  • @amartinjoe
    @amartinjoe Před měsícem +19

    After visiting Detroit twice in the 2000s, I always saw the RenCen as sort of a tragic representation of Detroit - here was a majestic group office towers, surrounded by decay and de-industrialization of Detroit. The downtown core was horrible - I've never seen so many dilapidated & abandoned buildings. I always thought the Americans put on a band-aid on a gaping wound when they built that thing - the auto industry around them was crumbling and Detroiters were burning down their houses for insurance money and leaving the city. I hope it's better this time.

  • @bsgvlog5640
    @bsgvlog5640 Před měsícem +25

    I don’t buy the building is too old to be used anymore line.
    Laptops and wireless networks and servers room aren’t THAT hard to install.

  • @timallison8560
    @timallison8560 Před měsícem +18

    gonna need some condos in that iconic building

  • @dodobono452
    @dodobono452 Před 10 dny +2

    Detroit actually boost In population this year after 65 years hopefully it continues

  • @LookitThisReview
    @LookitThisReview Před měsícem +4

    Another crazy move by Mary. gm is reeling more than most care to acknowledge.

  • @stickynorth
    @stickynorth Před měsícem +12

    RenCen is cool but probably needs to be heavily redone from the inside out and this is probably the time to bail. I do hope RenCen 2.0 is more of a mixed use complex along the lines of the original concept which included more towers... More housing, more hotels, more retail and entertainment. It could/should/would be a major destination hub for the region under the right management...

    • @drusha1
      @drusha1 Před 25 dny

      yeah, why didn't they complete the project? there was supposed a whole ecosystem built around the towers and much of it was never completed. this project has been abandoned so many times by so many of these irresponsible people

  • @nicholasfield6127
    @nicholasfield6127 Před měsícem +5

    Im afraid of it becoming a ghost building. Hotel and the retail moving out because of the loss of business and the whole rencen being abandoned.

  • @ethancook5705
    @ethancook5705 Před měsícem +8

    This will be happening across the country.

  • @chrispnw2547
    @chrispnw2547 Před měsícem +3

    It is time for American leaders to find messaging to help its citizens find peace with reality. America is no longer the center of manufacturing and automobiles. As a result, America can no longer spend with abandon and must reimagine what makes this nation great and refocus our limited resources otherwise, we will look like Great Britain (fixated on past glories while other nations pass it by).

  • @mrpeel3239
    @mrpeel3239 Před měsícem +2

    Great point about the possibility of another ghost building.

  • @stickynorth
    @stickynorth Před měsícem +15

    If Stellantis is smart they'd move their N.A HQ to NYC and the Chrysler Building and reopen their showroom there too!

    • @steven4315
      @steven4315 Před měsícem +6

      Stellantis is a European company. Why would they move their headquarters to the US?

    • @nicholasfield6127
      @nicholasfield6127 Před měsícem +5

      Why would they do that? They own their massive complex in Auburn Hills, everything under one roof. Wouldn't make sense to move their corporate offices away from their product development and such.

    • @shnorth888
      @shnorth888 Před měsícem

      ​@@steven4315 he's referring to Stellantis North American operations headquarters not the global hq

    • @n7y8c7
      @n7y8c7 Před 28 dny

      ​@@steven4315They're referring to the North American HQ: Chrysler, Dodge, Jeep, and Ram.

    • @steven4315
      @steven4315 Před 28 dny

      @@n7y8c7 Stellantis no longer has any Americans in senior management. CDJR US management exist only to carry out orders from Europe. Just one reason why Jeep is trying to be a luxury brand. It isn't but try telling Carlos that.

  • @John-zh1ud
    @John-zh1ud Před 18 dny +2

    I kind of forget they're still around. It's like they just gave up.

  • @tonywestvirginia
    @tonywestvirginia Před měsícem +6

    Sad. I stayed at the RenCen in the late 70's.

  • @timothydevries383
    @timothydevries383 Před měsícem +3

    Financially, it probably makes sense. Cheaper & better to lease two floors of a new building than to try and selectively renovate those old ren cen monstrosity buildings. My guess is they will become partially empty. Sad...

  • @bdtn342
    @bdtn342 Před 23 dny +2

    Has anyone seen the price of a new truck? GM may as well move into a strip plaza, the future is not looking good.

  • @PixelationMusic
    @PixelationMusic Před měsícem +3

    Commercial real estate is dying. Companies don’t want to rent out big building when their workforce can stay home. Companies save money doing this. The only companies suffering are, you guessed it, commercial real estate companies.

  • @barryobee1544
    @barryobee1544 Před měsícem

    Interesting report!

  • @GT47179
    @GT47179 Před měsícem +10

    Lower case GM 😢

  • @circleinforthecube5170
    @circleinforthecube5170 Před 23 dny +1

    they should do something preservation wise, if they can retrofit the sears tower they can retrofit the ren cen, also the ren cen has arguably more architectural charm than the rather bland, generic 2020s era hudson tower, (people may like 2010s/2020s architecture now but gen z is already complaining about it)

  • @serafinacosta7118
    @serafinacosta7118 Před měsícem +32

    It is a sign of GM’s brass idiocy as usual. Then and now.
    The Reinassance Center is an eyesore. Developing a glass skyscraper in a sprawling land when there were plenty factoriy buildings rotting away. A monument no less to their arrogance and self absorbency .
    And now leaving it behind to lease a shiny new building. . Guarantee they won’t find tenants , while paying property taxes , on the old one. No one will want to take tenancy in that mausoleum.
    Little wonder they make lousy cars, close doen US plants , have to import vehicles from China ,their EV program is a disaster, and had to go hat in hand to ask for a government bailout.
    The decision making was coming from some “ivory towers “!

    • @jeffreysheridan5205
      @jeffreysheridan5205 Před měsícem

      But they're diverse!,,,,.

    • @DD-dj4jr
      @DD-dj4jr Před měsícem +2

      Ford was the original Ren Cen tenant…..and developer

    • @stickynorth
      @stickynorth Před měsícem +3

      You just described most of corporate America, btw!

    • @ryker-1854
      @ryker-1854 Před měsícem +2

      Gm only imports one vehicle to the US from China

    • @circleinforthecube5170
      @circleinforthecube5170 Před 23 dny

      glass skyscrapers are sure of a lot nicer than factories

  • @MOBMJ
    @MOBMJ Před 12 dny

    they should have never demolished the original building. I as well as many people loved it I think. its a piece of history.

  • @tayaluvsballet145
    @tayaluvsballet145 Před měsícem +38

    Gm makes crap cars, and nobody buys them. Why can't these people just tell the truth.

    • @myintegruns12s51
      @myintegruns12s51 Před měsícem +9

      Number 1 selling cars in North America for 96 out of 97 years? Must mean something.

    • @mattnorman5241
      @mattnorman5241 Před měsícem +3

      ​@@myintegruns12s51😂😂🤣🤣😂 people who drive gm are poor

    • @myintegruns12s51
      @myintegruns12s51 Před měsícem +9

      @@mattnorman5241 sure buddy. Whatever helps you sleep at night.

    • @mattnorman5241
      @mattnorman5241 Před měsícem

      ​@@myintegruns12s51stop sticking up for gm

    • @ryker-1854
      @ryker-1854 Před měsícem +3

      GM was absolutely horrible for far too long, but current GM isn't near that old company anymore. They still have plenty of things that need to be fixed, but Buick has continuously been ranked pretty high in CR and JDpower studies.

  • @iluvhousemuzic
    @iluvhousemuzic Před 23 dny

    Makes a lot of sense to move into a brand new much smaller footprint when most of your people don't work on that specific location. Hopefully the renn cen gets redone into mixed use. Detroit has so much potential and the downtown areas are in a comeback mode

  • @the3idiots14
    @the3idiots14 Před 21 dnem +1

    Better figure out what to do with it because if you leave a place to be abandoned it will sprawl out and effect others. We need to stop neglecting and abandoning our cities. It only perpetuates issues. This building is an iconic Portman and should not fall into disrepair.

    • @user-kp2rr8xf7x
      @user-kp2rr8xf7x Před 21 dnem

      Have you ever considered abandoning your role as armchair critic and take your suggestions and lead by example?

  • @superdave2316
    @superdave2316 Před měsícem +2

    If the future is electric cars every model can be built on the same running gear base.

    • @iworkout6912
      @iworkout6912 Před měsícem

      Ah, the old K Car experience, and what happened to that.....

    • @fartface5172
      @fartface5172 Před 14 dny

      Future ain't ev

  • @drusha1
    @drusha1 Před 25 dny +1

    such terrible retreat from the landmark of detroit. very sad

  • @LouisAloi
    @LouisAloi Před měsícem +5

    A fast shrinking company gm no longer needs or has money to update the RenCen which it owns but just wants to lease a little bit of Gilberts new building and sell the RenCen to save money in the long run.

  • @weegeemike
    @weegeemike Před 16 dny

    Sad. I see this as a symbol of GM's fall from being the world's biggest and mightiest company in the world to a sad little shell of themselves. Barra's tenure has been full of change for the sake of change, and this is another result of that. Sad to see. Maybe one day GM can rise again and dominate the industry as they once did...it'd doubtful, but it would be great to see.

  • @ShaneJackson-zs2gd
    @ShaneJackson-zs2gd Před 4 dny

    They will demolish the building for high end housing , hotel and retail

  • @1chuck96
    @1chuck96 Před 23 dny +1

    Well, let's see...and if I'm NOT mistaken, Ford was one of the original inhabitants of the building back in the 80's when it was brand new right? They went out without ANY fanfare and GM moved in Hmm..! There's something more here than meets the eye or what's being reported. GM is in big-trouble and Ford may be as well. Chrysler, I think has its "WHQ" somewhere in a "strip-mall" along Woodward in the 6-8 mile Rd. area. I remember watching a Lee Iacocca video some years ago and the topic of "What was his opinion of the infusion of Japanese automakers in the world market"...to which he lightly "scoffed" and downplayed it ever happening. MAN !!! The guy was a freaking genius, but he was a mere mortal and had his shortcomings right? Ford on the other hand I THINK got it right by renovating the old MC station in Corktown but at what a colossal price.

  • @bufordfrance8058
    @bufordfrance8058 Před měsícem +7

    The only reason GM is in detroit in the first place is it's part of the deal with the bankruptcy.
    GM has less than 850 employees in the massive ren cen building. GM doesn't need that amount of space. Another fact is employees hate driving into and working in detroit. I don't blame them, the crime there is atrocious.

  • @sprague49
    @sprague49 Před měsícem +8

    I used to work in one of RenCen architect, John Portman's hotels, the Bonaventure. What a disaster of a building that was and probably still is. Inside it was like a cross section of an ant hill enclosed in glass. They loved him in China though.

    • @stickynorth
      @stickynorth Před měsícem +5

      A brutalist futurist master that few American's actually enjoy or appreciate. Not my cup of tea other but they are unique and uniquely American in many ways.. L.A., Atlanta, NYC, Detroit all have his stamp on their skylines...

    • @RayNLA
      @RayNLA Před měsícem +1

      The Bonaventure is still a great hotel! Iconic

    • @tylerkochman1007
      @tylerkochman1007 Před měsícem +1

      That’s a shorter twin complex to Ren Cen

    • @tylerkochman1007
      @tylerkochman1007 Před měsícem

      @@RayNLAI think of Kylie Minogue’s “Step Back In Time” video when I hear that hotel’s name 😂

    • @gabemcguire2463
      @gabemcguire2463 Před měsícem

      As a GT student, I want to like Portman’s work since he was such an influential alum, but so much of his work is hideous.

  • @nomadcowatbk
    @nomadcowatbk Před měsícem +1

    will Michael Moore try to get in there?

  • @drones7838
    @drones7838 Před 21 dnem

    CEO love moving the business - they always sell it as we will do better in a new office 😂😂😂

  • @1smokan
    @1smokan Před 28 dny

    Ford & GM built the Auto industry and nowadays the competition is much steeper. Now they downsize, this is what happens with competition, growth decline.

  • @willbygosh4887
    @willbygosh4887 Před měsícem

    Atleast,it's staying downtown.

  • @michaelsulkoske4373
    @michaelsulkoske4373 Před měsícem

    GM is more concerned with the Chinese market than the American market. The bailout certainly turned into a bad deal for the US taxpayer.

  • @PearComputingDevices
    @PearComputingDevices Před 11 dny

    We'll probably see it torn down. But not before getting roached out a half dozen times because it's Detroit. Detroit can't keep nice things.

  • @timothydevries383
    @timothydevries383 Před měsícem

    Toyota, Hyundai and somewhat Tesla ate their lunch. Lucky GM still have full size pick-ups.

  • @daleolson3506
    @daleolson3506 Před měsícem +8

    They might as well move to China that’s where they get most of their vehicle parts.

  • @johnrau2873
    @johnrau2873 Před 28 dny

    Moving in to a cardboard box or dumpster

  • @JamesBechard
    @JamesBechard Před 24 dny

    Renaissance Dispensary and Sports Betting Center

  • @RobertPahlavi-ko4gj
    @RobertPahlavi-ko4gj Před 19 dny

    General motors can stay in the Rencen ,. Or we can Liquadate and close down General Motors 's waste and corporate theft, #Bakertilly #Japan #Bandai 🙏 for Detroit #detroit #michigan #Toyota

  • @anderander5662
    @anderander5662 Před měsícem

    GM would be better off if they moved their headquarters to Western Kansas

  • @stevenkirby7478
    @stevenkirby7478 Před měsícem +1

    Shoulda moved out of Detroit itself and gone south.

  • @kevinchase9581
    @kevinchase9581 Před měsícem

    Government Motors!

  • @johnalver
    @johnalver Před 17 dny

    Godly advice: take the money and run 🏃‍♂️‍➡️

  • @user-wi2dp3ol9m
    @user-wi2dp3ol9m Před 18 dny

    Well they're going out of business let's be honest it's like tesla

  • @125AXer
    @125AXer Před měsícem +4

    So the RenCen is outdated... Just insure the heck out of it, do some internal prep work, and get some ideologues to fly planes into it. Then you get to build something new in it's spot! 👍

    • @giacomu1
      @giacomu1 Před měsícem

      911 ring a bell how "lucky Larry" Silverstein bought, crashed and rebuild the 911 buildings?

    • @bend8353
      @bend8353 Před měsícem

      Nothing new coming to Detroit

  • @dpharr100
    @dpharr100 Před měsícem +14

    The worst CEO in GM's history
    How long before GM goes bankrupt again

    • @KAzik10001
      @KAzik10001 Před měsícem +1

      And another generous government bailout?

    • @bufordfrance8058
      @bufordfrance8058 Před měsícem +3

      GM is posting record profits. on Tuesday GM reported a 24 percent rise in first-quarter profit to nearly $3 billion.

    • @anderander5662
      @anderander5662 Před měsícem

      ​@bufordfrance8058 you can do that for a while if you're downsizing...

  • @matzrat5006
    @matzrat5006 Před měsícem +2

    Where are they going ? China ?

  • @tabbott429
    @tabbott429 Před měsícem

    gm sucks as a company and Mary Barra has been lying for years. Tesla has upset the apple cart and gm is feeling the pain

  • @chobson8602
    @chobson8602 Před 23 dny

    lmao

  • @paulpark1170
    @paulpark1170 Před měsícem +1

    Only two floors now? Talk about downsizing…

  • @moth450
    @moth450 Před měsícem +1

    Shows what happens when you led by a woman. Gm is over, rebaging chinese cars as american buicks. Uaw says nothing

  • @timothykeith1367
    @timothykeith1367 Před měsícem +1

    GM should move to Texas

  • @ctbt1832
    @ctbt1832 Před 25 dny

    If they stop making BS cars then maybe they wouldn’t have a problem

  • @mjerome1457
    @mjerome1457 Před měsícem +1

    That guy Paul looks a mess and took forever to explain the GM renaissance. 7 mins of my brain cells gone that should’ve taken 3

  • @elfuturomio
    @elfuturomio Před měsícem

    🤣

  • @joshuasteel2109
    @joshuasteel2109 Před 17 dny

    Simply out of touch

  • @derekgilbert2884
    @derekgilbert2884 Před měsícem +1

    GM do poor leaderships again.

  • @robertsmith5744
    @robertsmith5744 Před měsícem

    Low Cost Condos in the old building.

  • @transmitterguy478
    @transmitterguy478 Před měsícem

    American car companies went to crap when they let the Government in. The union had better kick them out or they will be out of their jobs. The American government must keep its nose out of American businesses.

  • @nicoctane1669
    @nicoctane1669 Před 19 dny

    GM is going downhill anyways.

  • @user-db2ut4fo9g
    @user-db2ut4fo9g Před měsícem

    How can they afford it 🫤🫤🤷🤷