GM to separate Cadillac, move headquarters to NYC

General Motors is splitting off its Cadillac luxury brand as a "separate business unit" and relocating its headquarters from Detroit to the trendy SoHo area of New York City next year in a "strategic realignment," according to USA Today.

The new office would employ 100, including 30 expected to move from Detroit.

GM said, "Creating a new Cadillac business unit enables it to pursue growing opportunities in the luxury automotive market with more focus and clarity."

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