GM dealers wait to hear their fate
General Corp. dealerships are waiting to hear if they are among the 1,100 shops the company plans to shed.
A day earlier Chrysler LLC told a quarter of its dealers that it won't renew their contracts; owners of GM dealerships are awaiting word on whether they will be next.
The Detroit based manufacturer said it will notify 1,100 U.S. dealers on Friday that their franchise agreements will not be renewed.
Dealers expect the news either by telephone or FedEx letters that will begin arriving Friday morning.
GM spokeswoman Susan Garontakos said the company will not make public a list of dealers to be cut, leaving the decision to release information to individual business owners.
The company has scheduled a conference call for noon Friday to explain its dealer reduction strategy.
GM's dealer cuts are part of the company's plan announced last month to cut more than 2,600 dealers by 2010.
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