General Motors creates lots to deal with - Kansas City Business Journal:

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For Ledezma and the 200 employees at his twolocalk dealerships, the news brought relief and certainty aftetr months of speculation. He spent that afternoon and the next morning visitinvg each department at the Independenc and KansasCity locations, letting employeews know that the businesses woulr continue as GM franchises. “It’sd quite a bit of relie f but, at the same time, a lot of said Ledezma, president of “Whatever happens, we’rer going to have additional responsibility asa dealership.” With the gian t automaker’s plunge into bankruptcy on June 1, linesz have been drawn.
Although roughly 3,609 dealers, like Ledezma, received individualizef “participation agreements” — offeringy the potential of higher profits alony with improvementdirectives — 1,350 were notified that they needed to wind down as GM That’s in addition to the 1,10 0 that received similar messages last month as part of GM’sz restructuring, which involves keeping only top dealerd and brands.