Wednesday, April 4, 2012

GM to eliminate 90 Pennsylvania dealerships - Pittsburgh Business Times:

raisavydyexuwowi.blogspot.com
That's according to the company's "wind down" list that GM provided to the U.S. House Energu and Commerce Committee's subcommittee on oversightr and investigations made public as part of a hearinhlast Friday. While GM hasn't made public the specific dealers whose franchise rightzs itis terminating, the company revealed that it has targetedr 90 of its car dealers in Pennsylvania to be closed in the next 12 to 17 That's 11 more than the next hardest-hi t state, Ohio (79), followed by Illinoiws (66), California (65), New York (60) and Michigan GM plans to reducs its dealership ranks from more than 6,000 to an "idea dealer blue print" of 3,380 Long the biggest auto manufactureer in the United States, GM filed for Chaptetr 11 bankruptcy protection from creditors in United States Bankruptcuy Court a little more than two weeks ago.
GM is basingv its closures on the dealer performance scores that take intoaccountg dealers' sales, customer satisfaction, capitalization and profitability. Whilw GM's local dealerships to closde have not beenmade public, the company's plans to reduced its dealer count in Pennsylvania follows Chrysler's May announcement that it would eliminate 789 dealerships nationwide, whichh include 53 statewide and 12 in westernb Pennsylvania. After filing for chapter 11 in May, the bulk of Chrysler'zs assets recently exited bankruptcy court as part of a new compangy now owned by Italianautomaker Fiat.

No comments:

Post a Comment