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GM To Close 1700 Dealerships April 17. 2009
As mentioned on April 6, 2009, car dealerships all over America have been closing. On April 16, 2009, GM announced they will close 1,700 dealerships to trim costs in a bid to stay afloat. GM pushes faster plan to cut U.S. dealers: sources Thu Apr 16, 2009 12:11am EDT - DETROIT (Reuters) - 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. |
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