Cadillac to move HQ to New York City

• General Motors (GM +0.1%) confirms it will move the corporate headquarters of Cadillac to New York City.
• An office in the Soho neighborhood is expected to be opened in Q2 of 2015.
• What to watch: Cadillac, which has seen strong sales in the U.S. this year, aims to broaden out its reach with new high-end models and sportier crossovers.