Industry News

*Some of you may recall the 2009 restructuring of General Motors’ dealerships, during the recession. Of the 2.064 dealerships GM sought to wind down, GM has gotten back to some of them: Good news and bad. For about 121 GM dealerships, it was sink or swim as they were required to create fresh business plans. The automaker agreed to reinstate about 700 dealerships that had filed for artitration; of those, 120 were required to submit a new business plan and to meet individual targets for 2011, ranging from sales volumes and customer-service scores to capitalization and profitability. Those dealerships unable to produce were faced with franchise termination.

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