GM Dealer Closing News: Q&A on dealership closings

We reported recently that both General Motors (NYSE:GM) and Chrysler were to shut a number of dealerships. Chrysler are to close 789 dealers while GM will be closing 1,100 dealers, the former will be left with 2400 dealers while General Motors will be left with 3,600 by the end of 2010. This news has been generating a lot of Q&A.

Chrysler dealers have met with an abrupt closure, as they have been forced out by June 9; GM is making things smoother for dealers, and said that the planned closures will be done from now until the end of 2010.

Chrysler made their closure announcement public, GM have decided not to do this, that decision has been left to dealers. We understand that for those who own a GM or Chrysler vehicles will have a number of questions, for a list of Q&A please visit CNN