GM cuts 1100 dealership

GM announced that it will notify 1,100 of its U.S. dealers that their franchise agreements will not be renewed. Tom Wilkinson said that these dealerships will be notified, and GM says its list of dealerships closing will be roughly 50%.

GM said it will notify 1,100 U.S. dealers on Friday that their franchise agreements will not be renewed. Dealers expect to hear either by telephone or FedEx letters that will begin arriving Friday morning.

Yester day Chrysler terminate thousands of dealerships.

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