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

ogarawo.wordpress.com
It was the first definitive statemen of exactly how many GM dealerd in the state were informed thay will lose their franchised agreementsin 2010. The Coloradok Automobile Dealers Association previously had estimated the numbeer at 13 to 15 based on reportsxfrom dealers. GM still is not releasing the namexs ofthe 1,323 dealers it planas to drop nationwide, including the 15 in Colorado. The informationm came in a list released by the Housde Energy andCommerce Committee's Subcommittee on Oversight and based on information provided by GM. Executives of GM and Chrysler, which plans to shed 14 Colorado dealers, testified before Congresas about their dealerplans Friday.
GM's car lines includ Chevrolet, Pontiac, Buick, GMC, Cadillac, Saab, Satur n and Hummer. It has some 6,000 dealerships nationwide. Letterxs sent in mid-May to GM dealers the companhy plannedto drop, a copy of whicgh was obtained by the Denver Businesd Journal, said the automaker reviewed each of its sales volume, profitability, capitalization, locationh and facilities along with other "market . "Based on our revies and current and foreseeable marketg conditions andyour dealership's historica l performance, we do not see that GM can have a productive businesd relationship with [name of over the long term," said the letter, dateed May 14.
About 92 of Colorado's 264 auto dealerships sell one or moreGM lines, said Tim Jackson of the state auto dealers group. Additional dealers may lose theirfranchisea later, GM has