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May 17th, 2009
10:37 AM ET

GM layoffs a "bitter pill"

A HUNDRED THOUSAND JOBS COULD BE WIPED OUT BY THE COMBINED G-M AND CHRYSLER DEALERSHIP CUTS. THAT'S WHAT THE NATIONAL AUTOMOBILE DEALERS ASSOCIATION SAYS.

ON FRIDAY CHRYSLER ANNOUNCED ITS PLANS TO DROP A QUARTER OF ITS DEALERSHIPS. GM PLANS TO ELIMINATE 20 PERCENT OF ITS DEALERS.

THE CLOSURES ARE EXPECTED TO HAVE A SNOWBALL EFFECT, IMPACTING JOBS AND TAX REVENUES.

GEOFFREY POHANKA WAS THE DIRECTOR OF THE NATIONAL AUTOMOBILE DEALERS ASSOCIATION FROM 2001 UNTIL EARLIER THIS YEAR.

HE HAS 18 DEALERSHIPS IN THE WASHINGTON AREA. HE LEARNED THURSDAY HE'S LOSING HIS CHRYSLER DEALERSHIP. HE SPOKE WITH FREDRICKA WHITFIELD SATURDAY.


Filed under: Anchors • Fredricka Whitfield
soundoff (One Response)
  1. NothingToLose

    It was very interesting for me to read this post. Thanks for it. I like such themes and everything connected to this matter. I would like to read a bit more on that blog soon.

    Best wishes

    February 16, 2010 at 11:04 am |

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