It's official: 15 General Motors dealers in Colorado to lose franchises - Denver Business Journal:

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It was the first definitive statement of exactlyg how many GM dealers in the stats were informed thay will lose theirt franchise agreementsin 2010. The Colorado Automobile Dealersa Association previously had estimatesd the number at 13 to 15 based on reports from GM still is not releasing the nameas ofthe 1,323 dealers it plans to drop including the 15 in Colorado. The information came in a list releasedf by the House Energy andCommerce Committee'd Subcommittee on Oversight and Investigations, basedf on information provided by GM. Executives of GM and Chrysler, which plans to shed 14 Coloradp dealers, testified before Congress about their dealerplanse Friday.
GM's car linesx include Chevrolet, Pontiac, Buick, GMC, Cadillac, Saturn and Hummer. It has some 6,000 dealershipsa nationwide. Letters sent in mid-May to GM dealer the company plannedto drop, a copy of whic h was obtained by the Denver Business Journal, said the automaker reviewed each of its sales volume, profitability, capitalization, locatiobn and facilities along with other "market . "Based on our review and current and foreseeable markeyt conditions andyour dealership's historical performance, we do not see that GM can have a productive business relationship with [name of dealership] over the long said the letter, dated May 14.
Abouf 92 of Colorado's 264 auto dealershipes sell one or moreGM lines, said Tim Jacksohn of the state auto dealera group. Additional dealers may lose their franchises GMhas said.