General Motors cuts 1,100 dealers (Dealscape

General Motors Corp. on Friday began culling its dealership ranks, informing 1,100 retail locations that they are no longer considered part of the troubled automaker's long-term plan.

GM said it sent termination letters to about 18% of its 5,969 dealerships. Critics of domestic automakers contend that bloated retail networks have cheapened the brands, forcing dealers to undercut each other in attempts to capture a decreasing share of the overall automotive market. GM faces a government-mandated June 1 deadline to secure concessions from its creditors, dealers, labor and other stakeholders.

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NOT A SUBSCRIBER? General Motors cuts 1,100 dealers Posted on May 18, 2009 7:30 AM General Motors Corp. on Friday began culling its dealership ranks, informing 1,100 retail locations that they are no longer considered part of the troubled automaker's long-term plan. GM said it sent termination letters to about 18% of its 5,969 dealerships. Critics of domestic automakers contend that bloated retail networks have cheapened the brands, forcing dealers to undercut each other in attempts to capture a decreasing share of the overall automotive market. GM faces a government-mandated June 1 deadline to secure concessions from its creditors, dealers, labor and other stakeholders. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 266 in-depth reports of Bankruptcies in the Automotive sector 31 in-depth reports of Reorganization plans in the Automotive sector 19 in-depth transaction records for General Motors Corp. 15 company pages related to Dealerships 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

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