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GM to announce dealer closings...

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GM to announce dealer closings...

Postby Tyeattolah » Fri May 15, 2009 9:21 am

In another economic downswing GM plans to publicly announce plans to shut down 1,100 dealerships across the country. This comes on the heels of plant closures that have already had a fairly devastating impact on our St Louis area to just name one region impacted by these shutdowns. This is not good news... :-t

http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-051509.aspx?icid=dispatch_090515
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Re: GM to announce dealer closings...

Postby Metroid » Fri May 15, 2009 9:31 am

That is not good news at all....man that's going to put a lot of people in the unemployment line. :-/
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Re: GM to announce dealer closings...

Postby Dan Lambskin » Fri May 15, 2009 10:46 am

Chrysler just shut down a lot as well

...not good news at all, but if that's what it takes for them to remain viable, then it's better than an outright collapse...Bankruptcy should be coming soon...cant wait to see how well that works out. just hoping i still have a job when it all settles, and really feel for those that wont

i already just found out that due to the extended summer shutdown of most GM/Chrysler plants as of June 1st i get to work only 4 days a week ;-D and take a 20% pay cut :-t ...no word on how long it will last, but sounds like at least through the end of July since that will be around when we start to see some revenue again
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Re: GM to announce dealer closings...

Postby Nfl Fan » Fri May 15, 2009 11:48 am

I work at one. :-o Fed-ex notifications should be arriving shortly.
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