Local GM dealerships hopeful about future

Local GM dealership owners say the automaker's emergence from bankruptcy Friday will create leaner, more efficient dealerships throughout Connecticut.The president of Karl Chevrolet in New

NEW CANAAN - Local GM dealership owners say the automaker's emergence from bankruptcy Friday will create leaner, more efficient dealerships throughout Connecticut.

The president of Karl Chevrolet in New Canaan says the dealership will feature only four models of GM cars after the sale of Hummer, Saab and Saturn and the elimination of Pontiac.

According to a company spokesperson, the GM workforce will be cut by 20 percent by the end of 2009. GM will also have fewer production plants with the goal of repaying its $50 billion in government loans before the 2015 deadline.

advertisement | advertise on News 12

Trending Video

1 Money Matters: Self-employed retirement savings
About 500 volunteers helped at Saturday's event. 2 Volunteers wrap thousands of gifts for children in need
A large number of Long Islanders wonder if 3 What's in the Water: Cancer on the block
According to Gov. Andrew Cuomo, insurance companies have 4 LIers fed up with stalled Sandy aid
Click PLAY for the latest weather forecast. 5 Connecticut Weather Forecast

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE