Chrysler, GM Dealers Tarry for Bloodletting to Start out
Soon enough you'll really begin to see the results of the dire situation for both GM and Chrysler . All the major news outlets are reporting this morning that both companies are expecting to cut up to 1,000 dealerships each by Friday. Reuters, though, reports that GM could drop as many as 2,000 dealers this week
For GM , this is part of the planned 2,600 dealers to be cut by the end of 2010. At the end of 2008, it had 6,246 dealers, Automotive News reports.
Cutting 1,000 Chrysler dealerships would consume nearly . third of . network that numbers 3,189. Then again, there'. obvious and legitimate concern that Chrysler might soon not have much product to put on dealer lots anyway as it wastes away in bankruptcy court.
Automotive News: About 1,000 GM Dealers to Get Warning Letters by Friday (sub.req)
Reuters: GM , Chrysler to cut up to 3,000 dealers: sources
Detroit News: Auto dealer angst: Waiting for the ax to fall
