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  • Not vetted for CNN

    • Click to view macombexec's profile
    Posted May 15, 2009 by
    macombexec |
    Location
    Macomb, Michigan
    Assignment
    Assignment
    This iReport is part of an assignment:
    Your thoughts on the auto industry

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    The General of Motors Is Sending 1,100 Battalions On Permanent Furlough

    By macombexec  |  Posted May 15, 2009  |  Macomb, Michigan
     

    General Motors today announced it would inform about 1,100 dealers — or 18% of its 5,969 stores — that the automaker no longer “sees them as part of its dealer network on a long-term basis

    This process starts today, as GM begins contacting dealers regarding its long-term planning,” the company said in a statement.

    GM said that, in most cases, existing franchise agreements run through October 2010.

     

    Read more..

     

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