GM To Announce 1,100 Dealership Closings Today

GM to one-up Chrysler's 789, can 1,100 dealers today. [Freep]

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DISCUSSION

leeeeena
Leeeeena the Jalopchick

Holy crap, it sounds like this is just the beginning, too.

"Around 1,100 GM dealers — about 18% of the company's U.S. network — should be receiving letters from the automaker informing them that the company does not plan to renew their contracts that expire in October 2010..."

"GM hopes to reduce its U.S. dealer count by 42% to 3,605 by the end of next year."

That means the final count on the deathlist is roughly 2570 dealerships. I wonder how many are going to hatch plots to steal the cars or do something stupid once they find out they're getting axed.