Thursday, April 16, 2009

GM to Axe 1700 Dealers by June 1?
Talk of Shutting down Pontiac and GMC as Well

I debated even posting this, because this type of news story is maybe only one step removed from being a rumor. That being said 1700 dealers times 50 jobs per dealer is a job loss of 82,000 people. That's enough people to fill up a football stadium and more than the total active UAW workers that work for GM, so you can say it would be a big deal. Yet, although that's a bunch of people, if each of these dealership employees makes $50,000, that's "only" a total payroll of $4.2 billion per year. When you are throwing around billions in stimulus bucks, you really do have to make choices.

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