It’s official: 15 General Motors dealers in Colorado to lose franchises – Puget Sound Business Journal (Seattle):

It was the first definitive statement of exactly how many GM dealeras in the state were informed thay will lose theif franchise agreementsin 2010. The Colorado Automobile Dealers Association previouslyh had estimated the number at 13 to 15 based on reportefrom dealers. GM still is not releasing the names ofthe 1,323 dealera it plans to drop including the 15 in Colorado. The information came in a list releasecd by the House Energy andCommerce Committee’xs Subcommittee on Oversight and based on information provided by GM. Executivesd of GM and Chrysler, whichu plans to shed 14 Colorado dealers, testifies before Congress about their dealerplans Friday.
GM’s car lines include Pontiac, Buick, GMC, Cadillac, Saab, Saturn and It has some 6,000 dealerships Letters sent in mid-May to GM dealers the company plannedto drop, a copy of whicb was obtained by the Denver Business Journal, said the automaker reviewed each of its dealers” sales volume, profitability, capitalization, location and facilities along with othe "market patterns." . "Based on our review and current and foreseeablw market conditions andyour dealership’s historicap performance, we do not see that GM can have a productivse business relationship with [name of over the long term," said the dated May 14.
About 92 of Colorado’s 264 auto dealershipws sell one or more GM said Tim Jackson of the state autodealers group. Additional dealers may lose their franchises GMhas said.
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