Law and Rights
Last month 1,124 GM dealers got their notice that they were being chopped. Now GM has come up with a plan to axe even more.
Seems that there are another 450 GM dealers whose franchises will expire within the next year that GM has decided will not be renewed. That has the same effect as shutting them down.
Reportedly, GM decided who to chop based on dealership profitability, its capitalization, its sales "effectiveness", and the dealer's customer-satisfaction scores. All of those are long-standing criteria used by manufacturers to score financially successful dealership operations.
All of this comes as GM is putting the finishing touches on what is expected to be the largest business bankruptcy ever filed in the US, which analysts predict will probably be filed Monday, June 1st, 2009.
On top of this new round of chop notices, when GM gets rid of Pontiac, Hummer, Saturn and its involvement with Saab, there will probably be several hundred other dealers that will be out of the picture.
The story now is the same as before. If you've got a lemon GM car, or any lemon car or lemon truck, you need a good attorney now more than ever. Don't put up with any repair shop run around either.
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Law and Rights
More GM Dealers to Get Chopped
Last month 1,124 GM dealers got their notice that they were being chopped. Now GM has come up with a plan to axe even more.
Seems that there are another 450 GM dealers whose franchises will expire within the next year that GM has decided will not be renewed. That has the same effect as shutting them down.
Reportedly, GM decided who to chop based on dealership profitability, its capitalization, its sales "effectiveness", and the dealer's customer-satisfaction scores. All of those are long-standing criteria used by manufacturers to score financially successful dealership operations.
All of this comes as GM is putting the finishing touches on what is expected to be the largest business bankruptcy ever filed in the US, which analysts predict will probably be filed Monday, June 1st, 2009.
On top of this new round of chop notices, when GM gets rid of Pontiac, Hummer, Saturn and its involvement with Saab, there will probably be several hundred other dealers that will be out of the picture.
The story now is the same as before. If you've got a lemon GM car, or any lemon car or lemon truck, you need a good attorney now more than ever. Don't put up with any repair shop run around either.
Burdge Law Office
www.NewCarLemonLaw.com
Helping consumers get rid of lemon cars since 1978.
Subscribe in a reader- Dutch Luxury Car Maker Bids For Saab
First it was reported that any Saab sale was kaput. Then it was reported that a China company was mulling it over and a sale looked likely. Now, they say the Dutch are back in the buying game, as luxury car maker Spyker Cars NV was reported to be the...
- List Of Chrysler Dealers Being Chopped
On May 14, 2009 Chrysler notified 789 of its dealers that they were being chopped. That's about 25% of the total Chrysler dealer network. Reports are that the list was created largely with instructions of Fiat, who is expected to be the new owner...
- Chrysler-fiat Iffy While Gm Gets Gloomy And Saturn Is Selling Out
Fiat has said that there's no better than a 50-50 chance they will work out a deal with Chrysler, which only has until the end of the month to get the deal done. Apparently Fiat has put some hard terms on the table that Chrysler may not be able to...
- One Car That Keeps On Selling
The 2009 Ford F150 debut has been moved back about two months to give dealers time to unload the oversupply of 2008 models still gathering dust on America's showroom floors. GM sales are off 45% from a year ago. Ford is down 32%. The whole industry...
- Jaguar Best In Quality Survey
Jaguar comes in best, at the top of the heap, in the 2006 JD Power quality survey for customer satisfaction for the third year in a row. The new car quality survey is based on more than 42,000 new vehicle buyers and looks at dealership facility, salesperson,...