By Richard E. Jordan II, CEO, Smith Land & Improvement Corporation
The Automotive News headline stated “GM plans to cut off 1,124 dealerships by 2010” and The Wall Street Journal reported “Chrysler ax falls across U.S.” as more than 1,000 dealers received letters May 15 decreeing the end of their franchise pacts. This chapter in American business resembles a dealer denudation, leaving customers, employees and suppliers numb. What just happened?...
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