- Jun 4, 2009
GM offering dealers up to $1 million to 'wind-down' retailers?
The money is apparently intended to help dealers (whose franchises won't be renewed following their Oct. 31 expiration dates) sell off their remaining inventory. Interestingly, as part of accepting the funding, dealers must agree to stay open until January (yet they cannot order new product), and they must agree not to sue The General until after their franchise agreement expires.
Source: Automotive News | Image: Scott Olson/Getty]