Friday, May 15, 2009

"Not a good idea for dealers to sue a company threatening bankruptcy."

"Not a good idea for dealers to sue a company threatening bankruptcy." - quote from a GM dealer on CNBC

Most dealers being shut down sell very few cars each year (<100 cars/year)
400-500 dealerships sell less than 35 cars a year.

Existing franchise contracts run through Oct, 2010.

Saturn, Hummer, and Saab - more news later

GM likely will file for bankruptcy on June 1st.

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