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GM dealers would be cut by October 2010: GM dealer letter

DETROIT
Fri May 15, 2009 10:56am EDT

DETROIT (Reuters) - General Motors Corp said in a letter to some U.S. dealers affected by its consolidation plans that it does not expect contracts to continue past October 2010.

* Tells terminated dealers that market conditions, financial performance not

sustainable for franchises-letter

* Tells terminated dealers planning on dealer cuts not final yet-letter

* Tells terminated dealers they have until the end of May to submit new

information-letter

* Tells affected dealers believes it is best to have open communication

regarding planning process-letter

* Tells dealers that it reviewed sales effectiveness, volume, profitability,

location and other factors in making decisions-letter

(Reporting by Poornima Gupta)


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