Tomorrow will be a truly sad day for the automobile industry. General Motors, the largest automobile manufacturer in the world, bankrupt. It just doesn't make sense saying it, even though we've been talking about it for months now.General Motors was once THE company to watch in the industry. You could...
Chrysler names C. Robert Kidder as Chairman of Chrysler LLC
Bob "The Builder" Nardelli will be stepping down from his post as Chairman of Chrysler LLC when a new leaner Chrysler emerges. We won't be too critical of Mr. Nardelli in the fact that he really didn't grow Chrysler all that much, as that would take an entire blog all to itself. Rather we'll focus...
NADA responds to GM dealer announcement
The National Automobile Dealers Association won't go quietly into the night. They are continuing to fight for the Chrysler dealers who were cut yesterday, and the announcement earlier regarding General Motors announment with the reduction of some 1100 GM dealers by the end of 2010.Source: NADAWASHINGTON...
GM dealer network update
General Motors is going a different route than Chrysler LLC in regards to their dealer network. Rather than just say adios, you're done. GM is electing to not renew sales and service agreements with 1100 dealers when they come available for renewal in the 4th quarter of 2010.Dealers targeted were stores...
GM to cut 1100 dealers today
Following in the steps of Chrysler LLC yesterday, General Motors is planning to announce the closure of 1100 GM dealerships this afternoon. A press conference call is scheduled for 12 noon. We will update you with further details as they become available....
NADA responds to Chrysler's dealer announcement
As the U.S. dealer network continues to take in the loss of 789 Chrysler, Dodge & Jeep dealerships. The National Automobile Dealers Association weighs in on the truth of the matter.Source: NADAToday’s announcement by Chrysler that it is rejecting 789 of its Chrysler, Dodge and Jeep dealers marks...
Chrysler to close 789 dealers.
In compliance with bankruptcy protocol, Chrysler LLC is exercising the option to close 789 Chrysler, Dodge, and Jeep dealers across the United States. This is just one of the many steps being taken to return Chrysler to profitability when they emerge from bankruptcy proceedings and the new aliance...
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