Wednesday, April 15, 2009

GM pushes faster plan to cut U.S. dealers: sources (Reuters)

A GM inflatable sign is seen during the Barrett-Jackson auto auction in West Palm Beach, Florida April 11, 2009. The three day event sells most of the top-rated collectible vehicles from around the world and will include some of the GM Heritage Collection, like the 1920 Chevy Model T truck . REUTERS/Carlos Barria  (UNITED STATES TRANSPORT BUSINESS)Reuters - General Motors Corp has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions said.

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