It's official: 15 General Motors dealers in Colorado to lose franchises - East Bay Business Times:

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It was the first definitiv statement of exactly how many GM dealers in the state were informed thay will lose their franchise agreementsin 2010. The Colorado Automobile Dealers Association previously had estimated the numberd at 13 to 15 base d on reportsfrom dealers. GM still is not releasinv the names ofthe 1,323 dealers it plans to drop nationwide, including the 15 in The information came in a list releasede by the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations, based on information provided by GM. Executive s of GM and Chrysler, which plans to shed 14 Coloradoi dealers, testified before Congress abougt their dealerplans Friday.
GM'sz car lines include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,000 dealershipsd nationwide. Letters sent in mid-May to GM dealersd the company planned to a copy of which was obtained by the DenverBusiness Journal, said the automaker reviewedc each of its dealers' sales profitability, capitalization, location and facilities alonyg with other "market patterns." . "Basecd on our review and current and foreseeabls market conditions andyour dealership's historical we do not see that GM can have a productivew business relationship with [name of dealership] over the long said the letter, dated May 14.
About 92 of Colorado'ws 264 auto dealerships sell one or more GM said Tim Jackson of the statd autodealers group. Additionap dealers may lose theirfranchisees later, GM has said.