Comments on: GM Accelerates Restructuring. Glimmers of Hope for Chrysler. http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/ What is the future of fuel? What's new? What's next? Since 2007, Gas 2 has covered a rapidly changing world coming to terms with its oil addiction. Thu, 24 May 2012 23:24:16 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: william edwards http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/#comment-9348 william edwards Thu, 30 Apr 2009 02:14:23 +0000 http://gas2.org/?p=2273#comment-9348 Here is a snippet from the USA Today that says what they are doing...still don't understand why GM is targeting dealerships for closing since THEY DO NOT OWN THEM. This is akin to Coke shutting down grocery stores when their crummy "new" Coke didn't sale. Makes no sense... "General Motors (GM) told its dealers Tuesday that it will force 1,000 to 1,200 underperforming locations to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets more profitable." Here is a snippet from the USA Today that says what they are doing…still don’t understand why GM is targeting dealerships for closing since THEY DO NOT OWN THEM. This is akin to Coke shutting down grocery stores when their crummy “new” Coke didn’t sale. Makes no sense…

“General Motors (GM) told its dealers Tuesday that it will force 1,000 to 1,200 underperforming locations to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets more profitable.”

]]> By: william edwards http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/#comment-32138 william edwards Thu, 30 Apr 2009 02:14:00 +0000 http://gas2.org/?p=2273#comment-32138 Here is a snippet from the USA Today that says what they are doing...still don't understand why GM is targeting dealerships for closing since THEY DO NOT OWN THEM. This is akin to Coke shutting down grocery stores when their crummy "new" Coke didn't sale. Makes no sense... "General Motors (GM) told its dealers Tuesday that it will force 1,000 to 1,200 underperforming locations to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets more profitable." Here is a snippet from the USA Today that says what they are doing…still don’t understand why GM is targeting dealerships for closing since THEY DO NOT OWN THEM. This is akin to Coke shutting down grocery stores when their crummy “new” Coke didn’t sale. Makes no sense…

“General Motors (GM) told its dealers Tuesday that it will force 1,000 to 1,200 underperforming locations to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets more profitable.”

]]> By: Daniel http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/#comment-9347 Daniel Tue, 28 Apr 2009 23:13:21 +0000 http://gas2.org/?p=2273#comment-9347 As CNN put it, "Just shrinking this company to get it more focused.” (as quoted at http://www.newsy.com/videos/pontiac_bids_farewell/) So although I don't think the debt/equity exchange will be especially appealing, it's a good idea to slim down the company to focus on some of the better avenues of income, like Buick. As CNN put it, “Just shrinking this company to get it more focused.” (as quoted at http://www.newsy.com/videos/pontiac_bids_farewell/)

So although I don’t think the debt/equity exchange will be especially appealing, it’s a good idea to slim down the company to focus on some of the better avenues of income, like Buick.

]]> By: Daniel http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/#comment-32137 Daniel Tue, 28 Apr 2009 23:13:00 +0000 http://gas2.org/?p=2273#comment-32137 As CNN put it, "Just shrinking this company to get it more focused.” (as quoted at http://www.newsy.com/videos/pontiac_bids_farewell/) So although I don't think the debt/equity exchange will be especially appealing, it's a good idea to slim down the company to focus on some of the better avenues of income, like Buick. As CNN put it, “Just shrinking this company to get it more focused.” (as quoted at http://www.newsy.com/videos/pontiac_bids_farewell/)

So although I don’t think the debt/equity exchange will be especially appealing, it’s a good idea to slim down the company to focus on some of the better avenues of income, like Buick.

]]> By: Corian http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/#comment-9346 Corian Tue, 28 Apr 2009 15:26:48 +0000 http://gas2.org/?p=2273#comment-9346 Since it is illegal (in most states) for GM to simply stop providing Pontiac cars to Pontiac dealers, GM has to "close down" said dealers by buying them out. Since it is illegal (in most states) for GM to simply stop providing Pontiac cars to Pontiac dealers, GM has to “close down” said dealers by buying them out.

]]> By: Corian http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/#comment-32136 Corian Tue, 28 Apr 2009 15:26:00 +0000 http://gas2.org/?p=2273#comment-32136 Since it is illegal (in most states) for GM to simply stop providing Pontiac cars to Pontiac dealers, GM has to "close down" said dealers by buying them out. Since it is illegal (in most states) for GM to simply stop providing Pontiac cars to Pontiac dealers, GM has to “close down” said dealers by buying them out.

]]> By: william edwards http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/#comment-9345 william edwards Mon, 27 Apr 2009 23:11:00 +0000 http://gas2.org/?p=2273#comment-9345 I am confused. GM dealerships are NOT owned by GM so why this fascination with closing them down? We've already seen a LOT of consolidation in my area and left with some pretty crummy dealers that don't give two hoots about actually providing some level of service. Can someone explain? I am confused. GM dealerships are NOT owned by GM so why this fascination with closing them down? We’ve already seen a LOT of consolidation in my area and left with some pretty crummy dealers that don’t give two hoots about actually providing some level of service.

Can someone explain?

]]> By: william edwards http://gas2.org/2009/04/27/gm-accelerates-restructuring-glimmers-of-hope-for-chrysler/#comment-32135 william edwards Mon, 27 Apr 2009 23:11:00 +0000 http://gas2.org/?p=2273#comment-32135 I am confused. GM dealerships are NOT owned by GM so why this fascination with closing them down? We've already seen a LOT of consolidation in my area and left with some pretty crummy dealers that don't give two hoots about actually providing some level of service. Can someone explain? I am confused. GM dealerships are NOT owned by GM so why this fascination with closing them down? We’ve already seen a LOT of consolidation in my area and left with some pretty crummy dealers that don’t give two hoots about actually providing some level of service.

Can someone explain?

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