Friday, May 15, 2009

Fewer 300C Opportunities

Posted by dona at 9:21 AM

My God it gets worse every day, since yesterday the number of fewer 300C opportunities has risen to 1,100. In the sense that there will be fewer dealers out there to sell you a used 300C.
via (CNNMoney.com) -- General Motors notified 1,100 of its 6,000 dealerships Friday that it is terminating their contracts with the struggling automaker, the first step in an even deeper 40% cut in its retail network.

GM spokeswoman Susan Garontakos said that the dealers receiving notice Friday are being told that their contracts will not be renewed in October 2010. Many of them are expected to close shop this year.
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