GM Dealer Closing

"Yesterday afternoon Chrysler was forced to give notices of closure to just under 800 of their auto dealerships as a part of their current Chapter 11 bankruptcy and restructuring plan, currently being overseen by the U.S. government. One day later and it’s General Motors turn. And it looks to be even worse. Over 1,100 of GM’s dealerships will be notified that their franchise agreements will not be renewed when they end in 2010. And from the looks of it, today’s cuts are only the beginning." by Jessica Madison.

Well I think this is the best thing to do to fight for the bankruptcy. This is a sad news but I just hope that Chrysler will find a way and save the business because it is not easy to look for money. It is a lesson must be learned by many entrepreneur to be wise and have a planning right.