General Motors notified 1,100 of its 6,000 dealerships today that the automaker is terminating their contracts, the first step in an even deeper 40 percent cut in its retail network. A GM spokeswoman said the dealers are being told their contracts will not be renewed in October 2010, CNNMoney reports.
Read More: http://money.cnn.com/2009/05/15/news/companies/gm_dealers/index.htm?postversion=2009051509
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