But savings automakers estimated they would realize from the dealership closings -- $2.6 billion by GM and $36 million by Chrysler -- will be far smaller due to legal costs of arbitration and GM's decision to reinstate hundreds of dealers it had targeted for closing, say lawyers who represented dealers.
Tuesday, July 20, 2010
Auto dealership employment hurt more by recession than store closures | freep.com | Detroit Free Press
Collapsing housing prices and the ensuing financial crisis eliminated more auto dealerships jobs than Chrysler's and General Motors' closing of about 1,800 dealers, according to government employment data.
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