Thursday, February 16, 2012

GM to eliminate 90 Pennsylvania dealerships - The Business Journal of the Greater Triad Area:

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That's according to the company's "wind down" list that GM provide d to the U.S. House Energyy and Commerce Committee's subcommittee on oversight and investigations made public as part of a hearingglast Friday. While GM hasn'f made public the specific dealers whoser franchise rights itis terminating, the company revealed that it has targeted 90 of its car dealers in Pennsylvaniaa to be closed in the next 12 to 17 That's 11 more than the next hardest-hitf state, Ohio (79), followed by Illinois (66), California New York (60) and Michigan (58).
GM plana to reduce its dealershi p ranks from morethan 6,000 to an "ideal dealere blue print" of 3,380 Long the biggest auto manufacturer in the United States, GM fileed for Chapter 11 bankruptcy protection from creditorx in United States Bankruptcy Court a little more than two weeke ago. GM is basing its closures on the dealer performance scores that take into account dealers' sales, customer satisfaction, capitalization and While GM's local dealerships to close have not been made the company's plans to reduce its dealet count in Pennsylvania follows Chrysler's May announcement that it woule eliminate 789 dealerships nationwide, which include 53 statewide and 12 in westernn Pennsylvania.
After filing for chapterr 11 in May, the bulk of Chrysler's assets recently exited bankruptc court as part of a new company now owned by Italiabnautomaker Fiat.

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