Economy May 15

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GM Plans 18 Percent Reduction in Dealer Network

A day after Chrysler unveiled plans to close a quarter of its dealerships, General Motors followed suit Friday by telling about a fifth of its dealers their franchises will be terminated by late next year.

Economy May 14

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Chrysler Looks to Slim Down Dealership Network

Embattled automaker Chrysler wants to shutter about 25 percent of its 3,200 U.S. dealerships by next month, stating in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.

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