The “New GM” – After Bankruptcy

Over the last 24 hours many have speculated on how GM will emerge from Chapter 11 bankruptcy. I could speculate, give my opinion, hypothesize, and such…but in today’s economic climate it is difficult to project. The first step is to understand where GM thinks it is headed. Below are excerpts

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NADA Reacts – Yesterday Chrysler, today GM – In two days Chrysler and GM make decisions to cut about 1900 dealerships…and more to come

Yesterday Chrysler released a list of 789 dealerships that will be closing due to their Chapter 11 bankruptcy restructuring. General Motors (GM), not yet in bankruptcy court, said today that they will begin notifying 1,100 “underperforming and low sales volume” dealerships “about their long term plans”. See the official press

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