GM, Chrysler dealers await fate

The Wall Street Journal
May 12, 2009
AUTO : BUSINESS

Thousands of General Motors Corp. and Chrysler LLC dealers in the U.S. may learn their fate in the next few days as both auto makers complete lists of dealerships they plan to eliminate.

GM dealers will be notified this week whether they will continue to receive new cars and trucks from the company, GM Chief Executive Officer Fritz Henderson said Monday during a teleconference with reporters. Henderson said he expects to "wind down" most of the targeted dealerships during the year, according to a May 12 article in The Wall Street Journal.

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