Saturday, May 16, 2009

Down-and-Out Dealerships

Look on the bright side, 'murka; not as many used-car commercials.

Related:
GM Stalls Out on America

"12 Mass. dealerships hit as Chrysler cuts 789 outlets" by Erin Ailworth, Globe Staff | May 15, 2009

A dozen Chrysler dealerships in Massachusetts are among the 789 nationwide scheduled to be eliminated by the troubled automaker, a move that could cost the state hundreds of jobs and shutter businesses that have been fixtures in their communities for decades.

--more--"

Ah, the destruction of an American tradition. Too bad war is so durable.


"GM to drop 1,100 dealers; At least 12 Mass. outlets notified Restructuring deadline is June 1" by Erin Ailworth and Johnny Diaz, Globe Staff | May 16, 2009

General Motors Corp. said it wants to eliminate about 40 percent of its nearly 6,000 dealerships nationwide by the end of next year, a day after Chrysler LLC unveiled plans to close almost 800 new-car outlets.

GM started the process yesterday by sending letters to 1,100 dealer locations scheduled to be phased out. The automaker did not release a list, but at least 12 of the 96 GM dealers in Massachusetts are among those slated to close, according to a lawyer who said he has been contacted by some of those affected.

The company, which is running out of money and on the verge of bankruptcy, is under a June 1 deadline imposed by the federal government to restructure. The government and the United Auto Workers union would have major stakes in a reorganized and smaller GM.

Oh, great, another lemon bought by the American people (second article down):

United Auto Workers Got a Government Lemon

To read the local guys' sob stories go --here--

There will be no mention of the taxpayer "loan" looting or the off-shoring and outsourcing in that Globe exclusive.