Something just didn’t feel right about the way GM and Chrysler planned to shut down their dealers and now we might be witnessing a huge reversal. Stay tuned!
From the Detroit Free Press:
General Motors said today that it is sending letters to 661 dealers that lost their franchises through a dealership consolidation program, which will give them an opportunity to apply for reinstatement.
To qualify, the dealers would need to meet a number of financial requirements, such as having adequate capital to operate and available financing.
“This has been a very, very tough time as the company has emerged from bankruptcy,” said Mark Reuss, GM’s North America president. “It is emotional and it is part of the rebirth as we start the company from a clean slate.”
Read the full article here.
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