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.
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March 5, 2010; 2:52 PM ET
Categories: Autos , The Ticker | Tags: GM, General Motors, dealerships
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