New Jersey In Danger of Losing 33 GM Dealers

When a company the size of General Motors starts experiencing financial difficulties, it trickles down.

New Jersey will experience some of GM’s pain when the company close up to 33 dealerships in the state.

A document provided by General Motors to the House Energy and Commerce commitee details the planned closings.  New Jersey appears to comprise 2.5% of the total dealership closings General Motors plans for the entire country.

The document considered four criteria in the decision whether to close a dealership:

• sales
• customer satisfaction
• capitalization
• profitability

The document stated that dealerships that will be closed will have 16 months to close down their operations.

Auto dealerships in New Jersey provide a significant amount of employment, totaling greater than 55,000 jobs in a 2008 study.

« Becton Dickinson to Hire 40 for New North Carolina Plant | Home | Negotiations For Atlantic City Casino Employees Moving Slowly »

• Recent Posts

  • Atlantic City New Jersey Casinos Continue To Flounder
  • Atlantic City New Jersey Unemployment Help
  • Will Icahn Save The Atlantic City Tropicana Resort?
  • Sports Betting To Lift Economy In Atlantic City New Jersey?
  • Will The Revel In Atlantic City Prove a New Business Model?

• Contact Us

  You can contact our law firm for a FREE consultation by phone at 877-463-0036
  
  -OR-
  
  By filling out the form on the right side of our website.
  
  Dion and Goldberger
  40 Chelsea Ct
  P.O. Box 1012
  Atlantic City NJ 08404-1012