State-by-state list of GM dealerships expected to close in late 2010

September 24th, 2009 Treasury IG to review GM, Chrysler dealer closingsWASHINGTON — The inspector general for the Treasury Department's $700 billion bailout fund said Thursday that he will review the decisions of General Motors and Chrysler to close a large portion of their auto dealerships as part of their restructuring plans. Neal Barofsky told the Senate Banking, Housing and Urban Affairs Committee that he will audit the process the two automakers used when they decided to significantly shrink their base of dealerships earlier this year.

September 19th, 2009 THIRUVANANTHAPURAM - Kerala Food Minister C. Divakaran Saturday said the recommendations of the state governments should be taken into account when the list of people below poverty line (BPL) is prepared.

September 14th, 2009 Wash. compiling top 50 chemicals toxic to kidsSEATTLE — In 2008, Washington became the first state in the nation to pass a law requiring manufacturers to report whether certain products contain chemicals toxic to children. But nine months after the deadline, the state is still months from creating a list of top 50 chemicals that manufacturers of children's products, such as toys and car seats, would be required to disclose.

September 2nd, 2009 NEW DELHI - BMW Group will introduce BMW Financial Services India as a new business entity in India. The new subsidiary is planned to be fully operational by the mid of 2010 and will be headquartered in Gurgaon.

July 22nd, 2009 GM, Chrysler defend dealer cutsWASHINGTON — General Motors and Chrysler defended their plans Wednesday to eliminate about 3,000 dealerships, calling it a vital piece of their strategy to rebound from government-led bankruptcies. "This is a painful process that spares no particular group," Michael Robinson, General Motors Co.'s vice president and general counsel, said to critics in Congress.

July 22nd, 2009 EU: Car makers can keep exclusive dealershipsBRUSSELS — EU regulators said Wednesday that car makers could keep exclusive dealerships that tie car sellers and repair shops to one brand until May 2013. They are proposing to extend an exemption to antitrust rules for deals between producers and sellers for three more years after they are set to expire on May 31, 2010.

July 9th, 2009 GM, Chrysler fight reopening of closed dealershipsWASHINGTON — General Motors and Chrysler urged lawmakers Thursday to block legislation that would prevent them from consolidating their dealership networks, warning it would complicate their emergence from government-led bankruptcies. With GM poised to exit bankruptcy protection, company leaders pressed House members to overturn an amendment approved late Tuesday by a House committee that would force General Motors Corp.

June 12th, 2009 GM, Chrysler executives defend dealership closingsWASHINGTON — Under withering criticism in Congress, General Motors and Chrysler executives on Friday called the closings of hundreds of dealerships painful steps needed to right-size the auto giants. Down-on-their luck dealers said the moves would needlessly devastate their local economies and livelihoods.

June 5th, 2009 German central bank: economy to stagnate in 2010FRANKFURT — Germany's economy will shrink by 6.2 percent this year and stagnate in 2010, the country's central bank said Friday, delivering a forecast more pessimistic than the government's. The Bundesbank said in its June monthly report that the new projection is "a reflection of the massive economic downturn" late last year and early this year.

June 3rd, 2009 Judge to rule on termination of franchisesNEW YORK — A bankruptcy judge is getting ready to decide whether Chrysler can terminate the franchise agreements of 789 of its dealers. U.S. Judge Arthur Gonzalez is expected to hear testimony Wednesday from Chrysler executives and dealers.

June 3rd, 2009 Motion to terminate dealer franchises postponedNEW YORK — A hearing on Chrysler's request to terminate the franchises of 789 of its dealers has been pushed back by a day. U.S. Judge Arthur Gonzalez will hear arguments Thursday on the Auburn Hills, Mich.-based automaker's motion to eliminate the franchises.

June 3rd, 2009 Senate reviews closing of GM, Chrysler dealershipsWASHINGTON — Top executives from General Motors and Chrysler face tough questions from lawmakers about sweeping plans to close hundreds of car dealerships as the auto companies undergo government-led bankruptcies. The executives will appear before a Senate committee Wednesday to talk about their dealership plans.

June 3rd, 2009 GM, Chrysler defend slashing dealershipsWASHINGTON — Fighting to survive, top executives from General Motors and Chrysler on Wednesday defended their decisions to slash dealerships around the country, calling the moves unavoidable despite the pain to many loyal dealers and customers. GM president Fritz Henderson and Chrysler President James Press told the Senate Commerce Committee in prepared testimony that there are too many dealers and the networks date from the 1940s and 1950s when motorists lived farther apart and Detroit automakers led the world in sales.

May 12th, 2009 AP Source: Chrysler to cut 800 dealers on ThursdayDETROIT — Chrysler LLC plans to fire up to 800 of its 3,200 dealers on Thursday, a lawyer seeking to represent the dealers said on a conference call. The lawyer, Stephen Lerner, who heads the bankruptcy and restructuring practice of the law firm Squire Sanders, told dealers on the Tuesday call that the automaker plans to reject at least 800 franchise agreements, according to a dealer who listened to the call.

April 22nd, 2009 THIRUVANANTHAPURAM - Kerala Chief Minister V.S. Achuthanandan Wednesday said the state will have a new below the poverty line (BPL) list.