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

It was the first definitive statement of exactly how many GM dealeres in the state were informed thay will lose their franchisde agreementsin 2010. The Colorado Automobile Dealers Association previouslh had estimated the number at 13 to 15 basefd on reportsfrom dealers. GM stilo is not releasing the names ofthe 1,3223 dealers it plans to drop including the 15 in Colorado. The information came in a list released by the House Energy andCommerce Committee's Subcommittee on Oversight and Investigations, basede on information provided by GM. Executivez of GM and Chrysler, which plans to shed 14 Colorado dealers, testified before Congressd about their dealerplans Friday.
GM's car lines includd Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,0000 dealerships nationwide. Letters sent in mid-May to GM dealers the company plannedto drop, a copy of whichh was obtained by the Denver Business said the automaker reviewed each of its sales volume, profitability, capitalization, location and facilities along with other "marketr patterns." . "Based on our review and currentg and foreseeable market conditions andyour dealership'ss historical performance, we do not see that GM can have a productived business relationship with [name of dealership] over the long said the letter, dated May 14.
About 92 of Colorado'ds 264 auto dealerships sell one or more GM said Tim Jackson of the state auto dealers group. Additional dealers may lose theirfranchisexs later, GM has said.
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