Gm Set To Cut 1,200 Dealers

GM set to cut 1,200 dealers

DETROIT (Reuters) - General Motors Corp is expected to slash up to 1,200 dealers as it struggles to dramatically pare down its operations and eliminate billions of dollars of costs ahead of an anticipated bankruptcy filing by the end of this month.

RELATED ARTICLES
  • Ford shareholders reject stock proposal
    Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
  • AP Source: Fiat mulls IPO after buying Chrysler
    The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. More
  • Ford Profit Rises on Strong North American Sales
    The automaker, which continues to struggle overseas, posted first-quarter net income of $1.6 billion, beating Wall Street expectations. More
  • Chinese Auto Market Shifts Toward Larger Cars
    Auto buyers in what is the world’s largest car market are shifting away from compacts and subcompacts and buying more midsize cars and sport utility vehicles. More
  • Judge denies $20M severance deal for AMR CEO
    A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005. More
BING NEWS:
  • Broncos Insider Reveals Big Update on Courtland Sutton Trade Rumor
    Denver Broncos wide receiver Courtland Sutton has been linked to the NFL rumor mill for years now. Each offseason, trade rumors surrounding Sutton have ignited, and they're not doused until the NFL ...
    04/20/2024 - 3:19 pm | View Link
  • Blue Jackets Need Major Shake Up For Sake of Winning
    In our 2023-24 end of season Blue Jackets' column, see why a major shake up is needed for the sake of winning.
    04/20/2024 - 5:14 am | View Link
  • Mario Andretti offended by FOM's rejection of Andretti Cadillac bid: 'If they want blood, I'm ready'
    Nearly three months after Formula 1's management group thoroughly rejected Andretti Cadillac's F1 bid, Mario Andretti remains confused and offended by the rebuke.
    04/19/2024 - 12:20 pm | View Link
  • Broncos GM indicates willingness to make major trade-up in NFL Draft
    Despite his comments, rumblings around the league do indeed point to the Broncos exploring trade-down in Round 1.
    04/19/2024 - 11:48 am | View Link
  • 50 Cent’s G-Unit Studios Officially Opens In Louisiana
    As someone who has always believed in the transformative power of music, film, and television, I’m beyond excited to introduce the expansion of my G-Unit Film & Television through the launch of G-Unit ...
    04/19/2024 - 8:27 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News