General Motors Comes out from Bankruptcy
General Motors speedily came out from its May 31st Chapter 11 filing this morning. This will benefit the company from the Chrysler insolvency procedure and the Auto Task Force drive to return the corporate giant back on its feet.
The changeover from old to new GM thought to be quite flawless for consumers, at least primarily.
GM has plucked 4 divisions from its portfolio and at some time in the future it plans to considerably decrease its dealer body by not reviving franchise agreements.

These 1,100 dealerships form about 18% of GM’s total dealer. They have time with them till October 2010 to sell their residual cars. The number of products in the line up will fall from 48 to 34.
The new GM will have the following brands: Buick, Cadillac, Chevrolet, and GMC brands. GM has peeled Pontiac, Hummer, Saab, and Saturn from its range of brands. The latter 3 divisions are being sold to other companies.







