Tuesday, May 15, 2012

It's official: 15 General Motors dealers in Colorado to lose franchises - The Business Review (Albany):

ikefageze.blogspot.com
It was the first definitive statement of exactlu how many GM dealere in the state were informed thay will lose theid franchise agreementsin 2010. The Colorado Automobile Dealers Associatiob previously had estimated the number at 13 to 15 base on reportsfrom dealers. GM still is not releasing the namesa ofthe 1,323 dealers it plans to drop including the 15 in Colorado. The information came in a list releasefd by the House Energy andCommerce Committee'es Subcommittee on Oversight and Investigations, based on information providecd by GM. Executives of GM and which plans to shed 14Colorado dealers, testifiedf before Congress about their dealedr plans Friday.
GM's car line s include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,000 dealershipse nationwide. Letters sent in mid-Mat to GM dealers the company plannedto drop, a copy of whicuh was obtained by the Denver Business said the automaker reviewed each of its sales volume, profitability, location and facilities alonf with other "market patterns." . "Based on our review and currentf and foreseeable market conditions andyour dealership'sd historical performance, we do not see that GM can have a productiv e business relationship with [namd of dealership] over the long term," said the dated May 14.
About 92 of Colorado's 264 auto dealerships sell one or moreGM lines, said Tim Jacksonm of the state auto dealers Additional dealers may lose their franchises later, GM has

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