Word: dealer
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...related move, GM announced on Friday that 500 dealers who handle Hummer, Saab and Saturn brands would be moved outside of GM's dealer network or terminated if a buyer for those nameplates cannot be found. Also on Friday, GM began notifying 1,100 GM dealers that their franchises will be terminated because they have failed to meet sales targets. Of GM's other 4,500 dealers, the automaker expects to cut 900, and it may use bankruptcy to get that done...
...early years of the automobile, car dealers took animals in trade. As time passed the largest dealerships built elaborate showrooms and spent their own money for events around new model debuts. Running a large dealership is expensive. Buying cars from the manufacturers has not been a winning proposition for many dealers over the last two years. Most have to borrow money to purchase inventory. As sales have dropped due to the recession, many vehicles stay on the lots for months. Being a car dealer went from being extremely profitable in many cases to being a no-win business. (See pictures...
...relationship between The Big Three and its dealers was, for many years, symbiotic. There was some real balance between the products and marketing that came from the manufacturing and the sales and service that came from the dealer. That bond has been broken in an especially short period since approximately a third of the distributors of cars for Chrysler and GM will lose their franchises. It is the only financially expedient thing to do, but the government is, once again, encouraging an action that will put tens of thousands of taxpayers out of jobs. By placing the large car companies...
...said it will support what it is likely to be a lengthy legal fight in the federal court system to affirm or strike down the law. Plans call for the association to find a pristine individual who will manufacture and sell 20 rifles without applying for a mandatory federal dealer's license. The right to do so would be asserted in a letter to the Bureau of Alcohol, Tobacco and Firearms. Once a BATF response likely rejecting that claim is received, the association would seek standing in a Federal District Court to litigate its claim, experts say. (See pictures...
...which the Vatican only recognized in 1993. Arab Christians say that have no objection to the Vatican reaching out to Jews, but at the same time, they don't want the Pontiff's visit to gloss over their own troubles with the Israelis. Says George Said, a Bethlehem property dealer: "If the Pope continues to keep quiet about the suffering of Christians from Israelis, a day will come when the churches of Bethlehem and Jerusalem are turned into empty museums without a single Christian...