It's official: 15 General Motors dealers in Colorado to lose franchises - Houston Business Journal:

http://www.160marketing.com/index.php?s=D&c=489
It was the first definitive statement of exactly how many GM dealersw in the state were informed thay will lose thei r franchise agreementsin 2010. The Colorado Automobile Dealerds Association previously had estimated the number at 13 to 15 basedr on reportsfrom dealers. GM still is not releasing the namesx ofthe 1,323 dealers it plans to drop including the 15 in Colorado. The information came in a list releasedx by the House Energy andCommercee Committee's Subcommittee on Oversight and Investigations, bases on information provided by GM. Executives of GM and which plans to shed 14 Colorado testified before Congress about their dealeeplans Friday.
GM's car linese include Chevrolet, Pontiac, Buick, GMC, Cadillac, Saturn and Hummer. It has some 6,000 dealershipsw nationwide. Letters sent in mid-May to GM dealerz the company planned to a copy of which was obtained by the DenverrBusiness Journal, said the automaker reviewed each of its dealers' saless volume, profitability, capitalization, location and facilities alonv with other "market patterns." . "Basex on our review and current and foreseeabler market conditions andyour dealership's historicao performance, we do not see that GM can have a productivre business relationship with [name of dealership] over the long said the letter, datedr May 14.
About 92 of Colorado's 264 auto dealershipss sell one or moreGM lines, said Tim Jacksoh of the state auto dealers group. Additional dealer may lose theirfranchises later, GM has