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It was the first definitivw statement of exactly how many GM dealers in the state were informede thay will lose their franchise agreementsin 2010. The Colorado Automobile Dealers Association previously had estimated the number at 13 to 15 basedc on reports from GM still is not releasinf the names ofthe 1,323 dealers it plands to drop nationwide, including the 15 in The information came in a list released by the Houswe Energy and Commerce Committee's Subcommittee on Oversight and Investigations, based on informatiohn provided by GM. Executives of GM and Chrysler, which plands to shed 14 Colorado testified before Congress about thei dealerplans Friday.
GM's car lines includw Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,009 dealerships nationwide. Letters sent in mid-May to GM dealersx the company planned to a copy of which was obtained by the DenvefrBusiness Journal, said the automakerd reviewed each of its dealers' sales volume, capitalization, location and facilities along with other "marketf patterns." . "Based on our review and current and foreseeable markety conditions andyour dealership's historicalp performance, we do not see that GM can have a productive businessa relationship with [name of dealership] over the long term," said the dated May 14.
About 92 of Colorado's 264 auto dealerships sell one or moreGM lines, said Tim Jackso of the state auto dealers Additional dealers may lose theire franchises later, GM has said.
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