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GM may restore ‘hundreds’ of dealerships
GM may restore ‘hundreds’ of dealerships, Whitacre says
Posted on Thursday, January 7th, 2010 at 12:08 PM EST.(Employee News)
General Motors Co. Chairman and CEO Edward Whitacre Jr. said Wednesday he expects “hundreds” of dealers could be reinstated during dealer arbitration hearings, The Detroit News reported.
Congress last month ordered GM to allow more than 1,300 dealers that it slated for closure by the end of 2010 to request independent reviews in challenging their closings, the paper said. Whitacre said many dealers—potentially “in the hundreds”—likely will be reinstated. But he said he doesn’t think the process is a risk to GM’s future, the News said.
Later, he backtracked slightly, saying it could be as few as 100, the paper said. “I don’t know the number, but it is a substantial number. I think it can be good and bad,” Whitacre was quoted in the story saying. (The Detroit News)
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Rick
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