Cadillac Ditching Detroit For New York: ‘There Are More Hedge Fund Billionaires In NYC’

DETROIT (AP) – Cadillac wants a jolt from the city that never sleeps. General Motors’ 112-year-old luxury car division, founded in Detroit and named for the city’s founder, is moving its headquarters to New York. Cadillac, which has been steadily losing sales to its German rivals, wants to get closer to its ideal buyers. Executives and…

Cadillac ditching Detroit for New York: ‘There are more hedge fund billionaires in NYC’