Quote:
Originally Posted by fbodfather
Holy Cheese and Crackers!
WAYYYY too much mis-information here!
First of all - the Huffington Post 'claims' they have the full list.
There is no full list out there - and there will not be a full list out there.
Chrysler is in Chapter 11 -- therefore, they can cancel any and all contracts (I'm not an attorney...) They released a list -- and further, as I understand it -- dealers will expect to wind down operations by mid June. (!!!)
GM is not in Chapter 11 -- so the dealers who were notified were told that GM does not plan to renew their Sales and Service Agreement when the current agreement ends in 2010. (Sales and Service Agreements are for 5 year periods)
There ARE some dealers on the Chrysler site that have GM brands in their names -- that's because their 'corporate charter' at one time included brands that they may or may not have....but if a dealer on the Chrysler site has GM brands -- those brands are NOT included in the Chrysler plan.........
......meaning, that, say "John Doe Chevy/Cadillac/Chrysler/Jeep" -- is losing their agreement with Chrysler - and, at this juncture, would continue as "John Doe Chevy/Cadillac" unless the dealer decides otherwise.
Now --
Dealers are not getting red letters or yellow letters or green letters or checkerboard letters -- ONLY dealers who will not have their agreements extended after 2010 got a letter on Friday.
That does not mean they're going out of business right now.
Rather -- this allows them to wind down their business -- it allows them to think about what they may be able to do with real estate -- it may be that their franchise will move to another GM dealer in the same town.... it may mean that the dealer can wind down GM and perhaps sell used cars -- boats - or perhaps pick up another franchise.
Dealers, I believe, DO have the ability to appeal -- (I could be wrong...)
The selection process involved many elements -- from market performance, sales satisfaction scores, service satisfaction scores, financial capitalization, location, and facilities......among other things.
IMPORTANT: There are dealers that received letters that had high satisfaction scores - do NOT assume that all dealers had poor satisfaction scores.........
Lastly - I would NOT quote anything you read on the Huffington Post or any other site -- as there are likely to be mistakes -- and circulating bad information could have devastating consequences for a dealership.
The sad part? Most of these dealers were good people. They raised money for charity - they were the first ones to sponsor Little League Teams - they were the first ones to cough up money for the family that lost everything in a fire -- or to bury a loved one when a family had no money.........they did many many good things for many many people -- and they employed people -- and their livelihoods will be changed forever.
My heart goes out to those who have received a letter..........
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amen f-bod...in fact i don't understand how closing a private dealership who owns the inventory themselves saves gm any money??? it makes no sense and i know the so called car czar's have some ulterior motives or a really wacked out philosophy...i won't get too much into it since i'd like to stay non-partisan and i know you don't even want to touch that subject
but what is going on is just plain criminal and those dealers don't deserve this and it makes no sense what so ever....God bless you man