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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

GM to reinstate hundreds of closed dealerships

Remember that a big part of General Motors' restructuring was based on the concept that it had too many dealerships? Remember reading that some GM dealers sold only a few cars per month? Remember how GM said it was going to close 1,110 of its more than 6,000 nationwide dealerships?

Right. Well, it turns out that dealer and political pressure on the still-recovering GM added up to a lot. The Detroit automaker, which is 61 percent owned by U.S. taxpayers, will reinstate hundreds of those dealerships, probably somewhere north of 600 of them.

The company is about to hold a conference call to explain the details of the reinstatement. Check back here for details shortly.

Follow me on Twitter at @theticker

By Frank Ahrens  |  March 5, 2010; 2:52 PM ET
Categories:  Autos , The Ticker  | Tags: GM, General Motors, dealerships  
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Next: Congress wants more documents on runaway acceleration from Toyota

Comments

GM is doomed.

Posted by: blakesouthwood | March 5, 2010 9:08 PM | Report abuse

Let's all get our maps out mark the locations of the reinstated dealers.
Anybody think any Republican dealers will be included???
Is it just a coincidence that this is announced during barry's health insurance count-down week???
He really IS transparent!!!

Posted by: thornegp2626 | March 6, 2010 12:35 AM | Report abuse

Having been a GM person all my life, after all this hit I am now a Ford/Import fan.

I bought a new mustang and will be looking to pick up a cheap Toyota as a daily driver...

All the hype about the gas pedals and their free financing deals, the drop in price is too good to pass up!

Ill consider buying GM again once they are out of union and government control...

Posted by: indep2 | March 6, 2010 2:47 PM | Report abuse

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