GM to reinstate more than 580 rejected dealerships, sources say
DETROIT -- General Motors Co. is preparing to reinstate a majority of rejected dealerships that applied for arbitration, four sources familiar with the matter said.
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GM has made no comment on this so far.
Source: GM to reinstate more than 580 rejected dealerships, sources say
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That means GM will restore more than 580 of the 1,160 dealerships that have filed for arbitration to get their franchises back. GM plans to send letters to dealers as soon as next week that say the automaker intends to restore their franchises outside of arbitration, the sources said. GM has mostly finished the process of selecting dealerships to reinstate outside of arbitration, one of the sources said. The remaining dealerships, which GM intends to wind down before November, will not receive letters. GM will attempt to settle or arbitrate with them, the sources said. |
GM has made no comment on this so far.
Source: GM to reinstate more than 580 rejected dealerships, sources say
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