To the sound of millions of General Motors Co. dealerships and customers breathing a sigh of relief, the carmaker has announced that it will no longer go through with a plan to cut the number of Cadillac franchises by two-thirds.
Previously, GM has said that it wanted to reshape its Cadillac dealer network similar to that of Lexus. This meant that from 1,422 dealerships on Jan. 1, 2009, there would only be about 500 left by the end of this year. This lean network would be similar to import luxury brands, which only require a few hundred dealerships that focus on coastal urban markets.
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