It was good news for General Motors dealerships when earlier this month GM announced it would keep over 600 dealerships open. Despite a congressional deadline of July 15, many dealerships targeted for closure are still not sure which dealerships will be closed and which will be saved. According to attorneys and auto industry executives, some dealerships are in negotiations while others have heard no news at all.
Details are limited due to a confidentiality agreement between GM and the dealers. Dealers don’t want customers to know they might close chasing away potential buyers of vehicles still on the lot. GM has also declined to identify dealers, saying it is up to the dealers to disclose whether they were being reinstated or not.