Auto Industry, Restructuring | featured news

auto industry, restructuring
(Image from article: "GM to Build More Cars Overseas")

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GM Moves to Close 1,700 Dealerships Quickly

Facing Obama administration demands that it move quickly to restructure, General Motors is apparently speeding plans to drastically trim its dealership network. Reuters reports, "General Motors Corp has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions said." General Motors currently supports more than 6,200 ...

 

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