Filed under: Car Buying, Government/Legal, GM
Eight General Motors dealers are being sued by the automaker, which is seeking to revoke their franchises and purchase the dealerships assets in the wake of poor 2011 sales. According to Automotive News, the dealers are among the 700 who filed for arbitration when GM targeted them for closure during its 2009 bankruptcy.
Other GM dealers who were initially among the 2,064 the company sought to eliminate have met sales targets and their franchises are no longer at risk, according to the report. GM had directed troubled franchises to create new business plans for 2011.
GM suing to shut down eight dealers that missed targets originally appeared on Autoblog on Mon, 23 Jul 2012 14:02:00 EST. Please see our terms for use of feeds.
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