GM terminating about 1,100 dealer franchises

May 15, 2009 12:00:00 AM PDT
General Motors is telling about 1,100 dealers their franchises will be terminated late next year. GM's action Friday comes just a day after crosstown rival Chrysler announced it will drop 789 of its roughly 3,200 dealerships. Both companies have too many dealerships for too few sales and are slashing costs as they restructure.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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