GM Notifies 1,100 Dealers They're Out »
Posted By TimALoftis 7 months, 1 week ago in Business & FinanceGeneral Motors notified 1,100 of its 6,000 dealerships Friday that it is terminating their contracts with the struggling automaker, the first step in an even deeper 40% cut in its retail network.
GM spokeswoman Susan Garontakos said that the dealers receiving notice Friday are being told that their contracts will not be renewed in October 2010. Many of them are expected to close shop this year.
The company has told the Obama administration that it plans to cut its network down to 3,600 dealers by next year.
Much of the rest of the cuts will come from GM's plans to sell or close four brands - Saturn, Hummer, Saab and Pontiac.
Read Full Story at money.cnn.com »
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TimALoftis
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engineer7 months, 1 week ago
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Actually the number will be much greater than that because of the ripple effect. The Americans who insisted in buying the foreign cars caused this. Again the American car companies did not keep with the needs or desires of the American customers. But then again who cares about the US who is an American and looks at packages and labels of where products come from. Because we , as Americans don't care, the crisis in the US has occurred. I look at labels and by American where I can
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PainGoddess7 months, 1 week ago
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I look at labels too. But even candy is being made in Mexico.
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Spiral notebooks, pens, pencils are being made there too.
I have always bought American cars but next time it might be a foreign one due to the worst luck with the one I have now. Who knows if they will still be in business to honor maintenance and warranties?-
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StevieGee7 months, 1 week ago
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GM has way too many brands and dealers for their market share. It sometimes seems that their smaller, more economical cars are purposely made extra cheap so that dealers can "up sell" to a suv or more expensive model. Hondas and Toyotas seem to have better quality in the cheaper models. Just because you want a small car doesn't mean you want crap. Just because you can afford it doesn't mean you want a big car or suv. Chrysler has done the same thing, building some really nice muscle cars when gas is $3.00 a gallon.
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truthiness7 months, 1 week ago
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Thomas Jefferson, Karl Marx, Adam Smith, John Maynard Keynes, Jimmy Hoffa, are sitting around a table drinking beer and eating pizza.
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Smith: We should order from more than one place, that way they will have to compete with each other. That will keep the price down and the quality up.
Marx: Rather than exploiting their work for our benefit, we should be contributing to the making of the products so that we are consuming the fruits of our own labor. If everyone did that, and shared those fruits, it would cost us nothing and the quality would always be high because we would be working for ourselves.
Keynes: Perhaps if we paid someone to regulate the beer and pizza industry we could guarantee that there would always be descent quality at a fair price without corruption or greed getting in the way.
Jefferson: And who would regulate the regulator? What we need is system whereby the customers dictate to the business owners what the policies will be.
Hoffa: What a fcking pile of crap! The workers are the one’s making all of this possible with the sweat of their brow, they should be in charge of everything!
The waitress comes by with refills for their drinks and the men all stop talking to leer at her breasts.
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