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  • G.M. Notifying 1,100 Dealers That They Will Be Dropped
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G.M. Notifying 1,100 Dealers That They Will Be Dropped
Tweet Topic Started: May 15 2009, 08:20 PM (87 Views)
Evil May 15 2009, 08:20 PM Post #1
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DETROIT — General Motors is telling about 1,100 dealers on Friday that they will lose their franchises by late next year.

Unlike Chrysler, which on Thursday released a list of 789 dealers that it was cutting loose, G.M. does not plan to announce publicly the dealers that it no longer wants. Dealers whose franchises will not be renewed after October 2010 will receive a letter informing them of the decision.

“They’re dealerships that are in most cases hurting, losing money and in danger of going out of business anyway,” Mark LaNeve, G.M.’s vice president for sales, service and marketing, said in a conference call. “It’s a move that people could argue should have been taken years ago but this leadership team had no choice but to do it today.”


http://www.nytimes.com/2009/05/16/business/16auto.html?hp
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