Tag Archives: Recession

Cash-for-clunkers added to House climate bill

Cash-for-clunkers added to House climate bill

The United States House of Representatives recently came to an agreement on a proposed cash-for-clunkers incentive program, with the legislation finding a home recently in the American Clean Energy and... 

General Motors to slash 1100 dealerships

General Motors to slash 1100 dealerships

General Motors issued a statement saying that, as part of their updated viability plan, they plan to reduce its dealer network from 5,969 stores today to approximately 3,600 by the end of 2010.  ...

Chrysler shuts dealers, plays money games, loses value

Chrysler shuts dealers, plays money games, loses value

Chrysler has “rejected” 789 dealers, or about 25% of its network. The company says it will close these Chrysler/Dodge/Jeep dealers by June 9 as part of its Chapter 11 bankruptcy restructuring....