General Motors, Car Dealership | featured news

General Motors said that 90% of GM dealers are reporting profits, up from 40% at the end of 2009.

General Motors Co. will reinstate more than half the dealerships it targeted to drop from its network. GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving them the option to remain with the automaker.

General Motors says it will reconsider its decision to close some dealerships as part of a compromise to scuttle federal legislation that would require it to keep dealerships open.

GM and eBay will launch a pilot program Tuesday that will allow consumers to place online bids for new vehicles from GM dealers in California.

GM asked a bankruptcy judge to cancel 70 dealer contracts, eliminating the last holdouts in a plan to shutter as many as 2,400 stores.

Jack Fitzgerald, who faces the closure of 7 of his 11 auto dealerships, pleads his case to lawmakers.

AP - Top executives from General Motors and Chrysler face tough questions from lawmakers about sweeping plans to close hundreds of car dealerships as the auto companies undergo government-led bankruptcies.

General Motors Corp is expected to slash up to 1,200 dealers as it struggles to dramatically pare down its operations and eliminate billions of dollars of costs ahead of an anticipated bankruptcy filing by the end of this month.