Ohio has second-biggest hit from GM dealer closings - Business First of Columbus:

iqukikofor.wordpress.com
A total of 79 dealerships are expected to closesin Ohio, according to a list of dealershipe whose franchise agreements are not expecterd to be renewed by the fall of 2010. The list was releasee by the ’s subcommittee on oversight and investigations and was basede on information provided byGM (NYSE: GM). The automaker will have 2,30p0 fewer dealerships after it through a combination of not renewingfranchised agreements, as well as attrition and othet factors. GM has notified 1,323 dealershipz that they will not have their franchiseagreement renewed.
GM has declined to identifyg the dealerships that will not be allowedr to continue selling its new letting individual franchisees make the GM used a dealer performance score to determine which dealerz would not be a part of thenew GM. The scores were based on sales, customer satisfaction, the dealer’z worker capital and profitability. A smaller dealer networki will allow GM to reducd its direct dealersupport programs, which currently cost the companyt $2.1 billion. The company estimates savings potentialof $928,0090 per rooftop completely phased out from GM’ds network through wind-down, attrition or brane sale or phase-out.
In the reductions could resulgt in anestimated $415 million in structural cost-savings potentialo for GM, according to documents released by the subcommittee. The state with the most GM dealershipzs set to lose their agreementsis Pennsylvania, with 90. GM’sw car lines include Chevrolet, Pontiac, GMC, Cadillac, Saab, Saturn and Hummer. It has some 6,00o0 dealerships nationwide. dropped 789 dealerships at the start of Juneincluding Dayton-based Salem Chrysler-Jeep, Eaton-based Dale Carter Motoras and Cincy Autos Inc., doing business as University Chrysler-Jeep-Dodgwe in Oxford. A totalo of 47 Chrysler dealerships in Ohio were namee inbankruptcy filings.