General Motors Co (GM), the Detroit-based carmaker that counts China as its biggest market, will open a new headquarters in Singapore to oversee markets including Southeast Asia and India.
The offices will open in the second quarter of 2014 with Stefan Jacoby, an executive vice president, overseeing about 120 employees, the Detroit-based company said in an e-mailed statement. The operation, currently based in Shanghai, will also direct businesses in South Korea, the Middle East, Africa, Australia and New Zealand, according to the statement.
GM reorganised its overseas businesses in August to separate China, naming Tim Lee chairman of operations in the world's largest car market and puttingJacoby in control of the more than 100 countries and territories. Lee remains in Shanghai where he oversees 12 joint ventures and more than 55,000 employees.
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