From Motor City to Queen City: GMAC may move headquarters

The city of Charlotte is reeling, somewhat, because of all the hullabaloo over the nation's banking industry. (It should be noted, however, that Charlotte is repeatedly listed as one of the areas that is surviving the economic crunch better than others.) Some good news may be on the way.

The Associated Press is reporting that "General Motors Corp.'s financing arm is considering moving its headquarters from Detroit to Charlotte, where its chief executive lives."

... Spokeswoman Toni Simonetti says she doesn't know if GMAC will move to the hometown of chief Alvaro de Molina. Regardless, she says, it's "going to have a strong presence in Detroit."

She tells The Detroit News that Charlotte's financial industry makes it "an attractive base."

De Molina joined GMAC in 2007 after 17 years with Charlotte-based Bank of America. ...

Charlotte Rock City!