Communist
15th May 2009, 18:22
sent by socialist - economics
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GM to shed 1,100 dealers today (http://feeds.latimes.com/%7Er/latimes/business/%7E3/kH-icsn3Z-Y/la-fi-gm-dealers16-2009may16,0,2550148.story)
via L.A. Times - Business (http://www.latimes.com/business/?track=rss) on 5/15/09
The move is just the first step in a restructuring plan to eliminate 2,600 of its nearly 6,000 dealers by late 2010, as the company seeks to avoid bankruptcy.
General Motors Corp. has begun notifying 1,100 of its dealers that it will not renew their franchise contracts today, effectively pushing out nearly 20% of its distribution network.http://feeds2.feedburner.com/%7Er/latimes/business/%7E4/kH-icsn3Z-Y
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GM to shed 1,100 dealers today (http://feeds.latimes.com/%7Er/latimes/business/%7E3/kH-icsn3Z-Y/la-fi-gm-dealers16-2009may16,0,2550148.story)
via L.A. Times - Business (http://www.latimes.com/business/?track=rss) on 5/15/09
The move is just the first step in a restructuring plan to eliminate 2,600 of its nearly 6,000 dealers by late 2010, as the company seeks to avoid bankruptcy.
General Motors Corp. has begun notifying 1,100 of its dealers that it will not renew their franchise contracts today, effectively pushing out nearly 20% of its distribution network.http://feeds2.feedburner.com/%7Er/latimes/business/%7E4/kH-icsn3Z-Y