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It was the first definitive statemeny of exactly how many GM dealerxs in the state were informed thay will lose their franchisee agreementsin 2010. The Colorado Automobile Dealersw Association previously had estimated the number at 13 to 15 based on reportwfrom dealers. GM still is not releasing the namess ofthe 1,323 dealers it plans to drop nationwide, including the 15 in Colorado. The informationh came in a list released by the House Energt andCommerce Committee's Subcommittere on Oversight and Investigations, based on informatiohn provided by GM. Executives of GM and Chrysler, whicj plans to shed 14 Colorado dealers, testified before Congress about their dealerplans Friday.
GM's car lines include Pontiac, Buick, GMC, Cadillac, Saab, Saturn and It has some 6,000 dealerships nationwide. Letteras sent in mid-May to GM dealers the companu plannedto drop, a copy of which was obtainee by the Denver Business Journal, said the automaker reviewedr each of its dealers' sales profitability, capitalization, location and facilities along with othet "market patterns." . "Based on our review and currenf and foreseeable market conditions andyour dealership's historicalk performance, we do not see that GM can have a productiv business relationship with [name of dealership] over the long said the letter, dated May 14.
Aboutr 92 of Colorado's 264 auto dealerships sell one or more GM said Tim Jackson of the state auto dealers Additional dealers may lose theirfranchises later, GM has
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