Home / Business Tools: Save | Print | E-mail | Most Read | Comment
GM to close about 1,100 dealers in US
Adjust font size:

The exterior view of the headquarters of General Motors (GM) is seen on this file photo taken on May 23, 2008 in Detroit, the United States. General Motors notified 1,100 of its 6,000.[Xinhua]

The exterior view of the headquarters of General Motors (GM) is seen on this file photo taken on May 23, 2008 in Detroit, the United States. General Motors notified 1,100 of its 6,000.[Xinhua]

About 1,100 General Motors Corp. dealers in the United States started receiving notices Friday that their franchises will be eliminated.

According to a report by the Detroit News, the moves are part of GM's plan to cut its U.S. dealership ranks by about 40 percent from 5,969 to 3,600 by next year, a deeper and quicker cut than what was included in a February 17 plan rejected by President Obama's autos task force.

GM will shed about 500 additional dealerships by eliminating the Saab, Hummer and Saturn brands and another 400 to 500 dealers might be consolidated with other franchises.

GM expects 400 to 600 dealerships to terminate the franchises voluntarily based on the struggling sales environment and economy. As part of the cuts, GM will buy back inventory, signage and parts.

"We have said from the beginning that our dealers are not a problem but an asset for General Motors," Mark LaNeve, GM vice president of sales service and marketing, said in a prepared statement.

The exterior view of the headquarters of General Motors (GM) is seen on this file photo taken on May 23, 2008 in Detroit, the United States. [Xinhua]

The exterior view of the headquarters of General Motors (GM) is seen on this file photo taken on May 23, 2008 in Detroit, the United States. [Xinhua]

"However, it is imperative that a healthy, viable GM have a healthy, viable dealer body that can not only survive but prosper during cyclical downturns. It is obvious that almost all parts of GM, including the dealer body, must get smaller and more efficient," he said.

GM is eliminating dealers by using criteria that include sales performance, capitalization, customer service, location, facility and staff.

GM's cuts come just a day after rival Chrysler announced it was dropping 789 of its roughly 3,200 dealerships by around June 9. Both companies have too many dealerships for too few sales and are slashing costs as they race to restructure.

GM's move to eliminate about 40 percent of its U.S. dealership network will result in 137,330 employees losing their jobs and eliminate an estimated 1.7 billion U.S. dollars in sales tax revenue for state and local governments, according to the National Automobile Dealers Association. Plus, GM will lose an estimated 35billion U.S. dollars in sales revenue.

(Xinhua News Agency May 18, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- GM China may export vehicles to US market
- When GM is grim
- Geely in bidding for GM's Saab
- GM to cut 21, 000 US factory jobs
- GM about to detail its reorganization
May 7-8 Brussels China-EU high-level trade talks

May 17-22 Hong Kong Heilongjiang-Hong Kong Trade Cooperation Seminar
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 日韩精品一区二区亚洲av观看| 91精品久久久久久久99蜜桃 | 97精品伊人久久久大香线蕉 | 日韩人妻精品一区二区三区视频 | 尤物视频www| 无码欧精品亚洲日韩一区| 亚洲精品国产福利一二区| 蝌蚪视频app下载安装无限看丝瓜苏 | 欧美日韩一道本| 亚洲精品第二页| 男女污污在线观看| 国产午夜无码精品免费看| 91青青草视频在线观看| 无遮挡很污很爽很黄的网站 | 久久人妻无码中文字幕| 毛片在线看免费版| 四虎国产精品永免费| 野花影院在线直播视频| 国产手机在线αⅴ片无码观看 | 国产亚洲sss在线播放| 大香大香伊人在钱线久久下载| 一级毛片免费在线观看网站| 新婚张燕被两个局长| 亚洲一级毛片在线播放| 男男(h)肉视频网站| 午夜国产精品久久影院| 老子影院午夜精品欧美视频| 国产日韩精品在线| 99久在线精品99re6视频| 故意打开双腿让翁公看| 久久久精品人妻一区二区三区| 日韩精品亚洲人成在线观看 | 美女扒开裤子让男人桶视频| 国产无套粉嫩白浆在线观看| 浮力影院国产第一页| 大陆年轻帅小伙飞机gay| www.在线视频yy| 无码国产福利av私拍| 久久久久久亚洲精品| 极品丝袜乱系列集合大全目录| 亚洲综合小说久久另类区|