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GM to force more than 1,000 dealers to close

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madmom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-28-09 02:14 PM
Original message
GM to force more than 1,000 dealers to close
DETROIT (AP) - General Motors Corp. says it will force 1,000 to 1,200 underperforming dealerships to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets stronger.

Dealers were told of the move in a video conference Tuesday.

In addition, the company expects to lose 500 Hummer and Saturn dealers when the brands close or are sold, and it expects 400 dealers to close voluntarily. Another 500 would be consolidated into other dealers.

A dealer who watched the conference told The Associated Press about the changes, and company spokeswoman Susan Garantakos confirmed the numbers.

The company announced Monday it plans to reduce dealerships by 42% from 2008 to 2010, cutting them from 6,246 to 3,605.

Copyright 2009 The Associated Press. All rights
http://www.kwqc.com/Global/story.asp?S=10264624&nav=menu83_1

This is the entire article.
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endless october Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-28-09 02:16 PM
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1. sucks.
hope they don't close the one in my town. our Ford dealer is gone. got several cars there. will miss it.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-28-09 02:18 PM
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2. EFFECTS down stream will NOT be fun
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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-28-09 02:50 PM
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3. When Pontiac closes
the GMC/Pontiac dealer near my house will be down to one brand. Since GM has been trying to put Buick and GMC into one dealer network, I bet they'll try to merge this now only GMC dealer and the Buick dealer in to one. Sad since that means more job losses.
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excess_3 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-28-09 10:15 PM
Response to Reply #3
4. the whole idea of creating different tribes of dealers ...
the whole idea of creating different tribes of dealers
(that are effectively enemies)
is kinda stupid
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