GM Canada Confirms Plans To Tell Dealers Which Will Close
20 Maio 2009 - 12:58PM
Dow Jones News
General Motors Corp.'s (GM) Canadian unit confirmed that it's
notifying Canadian dealers Wednesday which of its about 700
dealerships will close in October 2010.
The auto maker said that, due to the "unique aspects" of the
Canadian dealer network, its rationalization efforts will focus on
key urban markets. "The end result in Canada will be a more
competitive dealer network with higher volumes, while continuing to
maintain the strongest and broadest dealer network in the country
better equipped to serve GM customers," it said.
Local news reports have said about 250 Canadian dealerships will
be told Wednesday that they will close. GM Canada didn't provide
specifics in its statement.
Its struggling parent company told about 1,100 U.S. dealers last
week that it was dropping them from its retail network. Letters to
those dealers said GM doesn't expect to continue doing business
with them beyond October 2010.
-Carolyn King; 416-306-2100; AskNewswires@dowjones.com
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