Thursday,
Chrysler released a list of 789 dealers that it was letting go. Today, G.M. will send the letters to 1100 dealers with the bad news that their franchises will not be renewed after October 2010.
According to the New York Times:
Over all, G.M. plans to eliminate 2,369, or 40 percent, of its 5,969 dealers by the end of 2010. G.M. on
Friday revised its number of current stores down from 6,200. In addition to the cuts being revealed
Friday, the company expects to shed about 500...
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