Tag Archive | "General Motoros"

GM pulls the plug on 1,124 under-performing dealerships

Friday, May 15, 2009

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GM pulls the plug on 1,124 under-performing dealerships

General Motors sent franchise termination letters to 1,124 of it's dealers this morning in the first move of a plan to pare the automaker's dealer network of 5,969 dealerships down to 3,600.

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GM Q1 revenue drops 47% while company hemorrhages market share/cash

Thursday, May 7, 2009

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GM Q1 revenue drops 47% while company hemorrhages market share/cash

General Motors released 2009 quarter one financial results this morning and despite being better than analysts expected- the downward slide continues. The company is reporting a quarterly loss of $6-billion amid sliding market share and a revenue stream that is only running at a trickle.

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