According to Automotive News (which is citing four separate yet unknown sources), General Motors is preparing to reinstate more than 580 dealers that had applied for government-mediated arbitration to keep their franchises in the United States. For those keeping track, 580 represents exactly half of the 1,160 dealerships that signed up to go through the arbitration process. These selected dealerships would potentially be reinstated outside the process of arbitration.
GM will reportedly send letters to the 580-plus dealerships it has decided to reinstate, offering immediate restoration of their franchise rights, including the ability to order new vehicles. If a dealership does not receive a letter, GM has not chosen to restore its franchise rights and it will have the option to either settle with GM or enter the arbitration process if it so desires.
For those dealerships that aren't successful in their quest to regain franchise rights, well... there's always Sears, right?
[Source: Automotive News – sub. req'd | Image: Justin Sullivan/Getty Images]