GM: Underperforming Dealers Won't Be Renewed
By Michelle Krebs May 15, 2009Some General Motors dealers, believed to be more than 1,000, are receiving letters from the
automaker Friday that tell them they are underperforming and their franchise agreements will not be renewed when they expire in October 2010.
GM will not release a list of those dealers, as Chrysler had to Thursday in its Chapter 11 bankruptcy filings.
Mark LaNeve, GM North America vice president of Vehicle Sales, Service and Marketing, will provide more details in a noon conference call with the media.
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