GM to end 2010 with 4,500 dealers, more than planned
General Motors Co. will end the year with a dealer network of 4,500 -- about 400 more than the company envisioned in bankruptcy, the automaker said Thursday.
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Source: GM to end 2010 with 4,500 dealers, more than planned
Quote from the article:
| GM said it has concluded the dealer arbitration process and has shed 1,564 dealers during the past year. The Detroit automaker initially wanted to cut 2,064 Chevrolet, Buick, GMC and Cadillac dealers from its network as part of its restructuring. Its efforts -- along with those by Chrysler Group LLC, which also pared its dealer network -- sparked angry hearings in Congress. Lawmakers overwhelmingly approved legislation allowing dealers who wanted to remain open to challenge their ordered closings. GM CEO and President Ed Whitacre, in an interview Thursday with The Detroit News, acknowledged that GM may have tried to cut too many dealers. "We might have, but we added most of them back." Whitacre said. "Kind of a moot point." Although GM's new dealer network is about 25 percent smaller than in early 2009, it remains the nation's largest, the company said. |
Source: GM to end 2010 with 4,500 dealers, more than planned
