Cadillac Seeks Brighter Future in New York - WSJ

Cadillac, long the king of Detroit's auto brands, is abandoning Motown.

General Motors Co. said on Tuesday that its struggling luxury brand will move 50 key employees and its headquarters to New York next year amid a wider effort to carve Cadillac out as a stand-alone business unit with more autonomy. Long run from Detroit, GM's brass feels being in Manhattan will help Cadillac better reach luxury buyers.

The move is being...

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