DealerBody


GM offering dealers up to $1 million to 'wind-down' retailers?

General Motor is attempting to cushion the blow of dealers losing their franchises as part of the automaker's bid to pare down its network. According to Automotive News, the bankrupt automaker is offering some dealerships between $100,000 to $1 million to assist in the "wind down" of their businesses. In the case of Pontiac-specific dealers, GM is offering between $10,000 and $200,000. The money is apparently intended to help dealers (whose franchises won't be renewed following their Oct. 31 expiration dates) sell off their remaining ... Read more →

GM slashes Canadian dealership network by 42% Chris Paukert

General Motors Canada has announced that it has begun notifying its dealer body that it will be culling its sales networks by some 42 percent. The massive cut means that GM's 709 dealers will be ...

REPORT: Opel/Vauxhall dealers want to help, plan to raise 500M euros Chris Shunk

While General Motors dealers here in the States are awaiting 1,100 retail store losses, Opel/Vauxhall dealers in Europe have opted to take matters into their own hands. Euroda, the Opel/Vauxhall ...

Sign o' the Times: Even Lexus cancels their annual dealer meeting Chris Shunk

Lexus has been on a roll for over a decade, but a 21% sales drop has prompted the automaker to cut back on superfluous spending. Lexus canceled its annual dealer meeting to concentrate on selling more ...

In the name of faith: GM dealers buy $1M in GM stock Chris Shunk

GM has had what can be conservatively called a difficult week. In a live press conference, CEO Rick Wagoner delivered sobering news about health care cuts, asset sales, retirement and separation ...

GM offering dealers up to $1 million to 'wind-down' retailers? 6 months ago on Autoblog

General Motor is attempting to cushion the blow of dealers losing their franchises as part of the automaker's bid to pare down its network. According to Automotive News, the bankrupt automaker is offering some dealerships between $100,000 to $1 million to assist in the "wind down" of their ...

GM slashes Canadian dealership network by 42% 6 months ago on Autoblog

General Motors Canada has announced that it has begun notifying its dealer body that it will be culling its sales networks by some 42 percent. The massive cut means that GM's 709 dealers will be trimmed by around 245 stores. The cuts will come as the restructuring automaker will elect to not renew ...

REPORT: Opel/Vauxhall dealers want to help, plan to raise 500M euros 7 months ago on Autoblog

While General Motors dealers here in the States are awaiting 1,100 retail store losses, Opel/Vauxhall dealers in Europe have opted to take matters into their own hands. Euroda, the Opel/Vauxhall dealer association, is raising 500 million Euros ($667 million US dollars) in exchange for a 10-20% ...

Sign o' the Times: Even Lexus cancels their annual dealer meeting 10 months ago on Autoblog

Lexus has been on a roll for over a decade, but a 21% sales drop has prompted the automaker to cut back on superfluous spending. Lexus canceled its annual dealer meeting to concentrate on selling more luxury automobiles by boosting spending on additional marketing initiatives. The extra marketing ...

In the name of faith: GM dealers buy $1M in GM stock 1 year ago on Autoblog

GM has had what can be conservatively called a difficult week. In a live press conference, CEO Rick Wagoner delivered sobering news about health care cuts, asset sales, retirement and separation packages, and the elimination of GM stock dividend. The doom and gloom hasn't scared off the General's ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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