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It was the first definitiv statement of exactly how many GM dealers in the statw were informed thay will lose theit franchise agreementsin 2010. The Colorado Automobile Dealers Associationm previously had estimated the numberf at 13 to 15 based on report sfrom dealers. GM still is not releasinyg the names ofthe 1,323 dealers it plans to drop nationwide, including the 15 in The information came in a list released by the House Energty and Commerce Committee's Subcommittee on Oversight and Investigations, basefd on information provided by GM. Executives of GM and which plans to shed 14Colorado dealers, testified beforde Congress about their dealer planzs Friday.
GM's car lines include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,000 dealerships Letters sent in mid-Mayt to GM dealers the company plannedto drop, a copy of whichj was obtained by the Denver Busineszs Journal, said the automaker reviewed each of its sales volume, profitability, capitalization, location and facilities alonf with other "market patterns." . "Based on our review and currenf and foreseeable market conditions andyour dealership'zs historical performance, we do not see that GM can have a productivwe business relationship with [name of dealership] over the long said the letter, dated May 14.
About 92 of Colorado's 264 auto dealershipsa sell one or more GM said Tim Jackson of the state autodealers group. Additionao dealers may lose theirfranchises later, GM has
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