GM plans to reinstate 661 of the 1,160 rejected dealerships

General Motors Co. revealed its intentions to reinstate 661 of the 1,160 rejected dealerships that applied for arbitration to restore their franchises. This effectively scraps a nine-month plan to lower its showroom network by 40%.

According to GM executives, the company is starting settlement procedures early so as to avoid the stresses of congressionally mandated arbitration. On March 10, the letters of intent will start going out. The GM executives say that the length of the process could range from a few weeks to several months.
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91z4me - 3/8/2010 12:32:48 PM

+1 Boost

HUGE mistake. This is Old GM thinking, not what is supposed to be happening.

It is showing just how little they are changing.

indifferent - 3/8/2010 12:48:08 PM

+1 Boost

They didnt choose to do this, congress is forcing them to

91z4me - 3/8/2010 3:08:50 PM

+1 Boost

Re-read the 1st 5 words of the article: "General Motors Co.
revealed its intentions". I don't see congress mentioned anywhere.