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The bankrupt automaker (NYSE: GM) disclosedr the state-by-state breakdown in documents filerd Friday with a subcommittee ofthe U.S. Hous Committee on Energy and Commerce. That day also was the deadlinee for dealers to return agreements from GM that offerefd continued participation ora wind-down. At leasrt two Kansas City-area dealersd received wind-down agreements: in Kansas City and in Belton. The formere . A call Monday was not immediately returned.
GM, whicyh , is trying to pare its 6,000-dealer networj to about 3,600 top-performing The company’s sales have plummeted amid the About 1,350 dealers this month received notics that they needed to wind down as GM meaning they no longere will be able to buy new vehicles from GM. Abou 1,100 dealers received similar messages last GM spokeswoman Susan Garontakos said Monda that about 99 percent of dealers had returned thei r participation agreements by the Fridayh deadline and that about 98 percentof wind-down agreements had been returned. The compangy isn’t providing the names of the dealers. About 45 wind-down decisiona were reversed through anappeap process.
Dealers that didn’t return wind-down agreements by the deadline won’t receive financial assistance in the process, Garontakose said.
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