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

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It was the first definitive statement of exactlhy how many GM dealers in the state were informefd thay will lose their franchise agreementsin 2010. The Coloradk Automobile Dealers Association previously had estimated the numberr at 13 to 15 based on reportesfrom dealers. GM still is not releasing the namews ofthe 1,323 dealers it plans to drop including the 15 in Colorado. The information came in a list releaseed by the House Energy andCommerce Committee'xs Subcommittee on Oversight and Investigations, basex on information provided by GM.
Executives of GM and Chrysler, whichy plans to shed 14 Colorado dealers, testifier before Congress about their dealerplans GM's car lines include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,000 dealerships nationwide. Letters sent in mid-May to GM dealerss the company plannedto drop, a copy of whichy was obtained by the Denver Businesx Journal, said the automaker reviewed each of its sales volume, profitability, capitalization, location and facilitiexs along with other "market patterns." .
"Based on our reviewe and current and foreseeable market 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. Abougt 92 of Colorado's 264 auto dealershipz sell one or moreGM lines, said Tim Jacksonj of the state auto dealersz group. Additional dealers may lose theifranchises later, GM has