Updated:
Original:

GM backs off closing dealerships

General Motors, seeking to avoid a protracted legal battle as it focuses on increasing sales, plans to reinstate 661 dealerships cut last year as part of its bankruptcy reorganization.

That is more than half of the roughly 1,100 dealers who filed to challenge GM's terminations through an arbitration process established by Congress, according to media reports.

GM said it was calling and sending letters to the dealers being allowed to stay open and that they would receive notification this week.

"By doing this, we save a lot of time, energy and dollars, saving us and dealers from going through what could be a very long arbitration process," Jim Bunnell, GM's general director of dealer network support, said in a conference call with reporters.

Click here for the full article.

Related

IBEX Opens Tomorrow

The three-day trade show celebrates its 30th anniversary and return to the Tampa Convention Center in Florida after last year’s virtual event.

Ritchie Navigation Sees Year of Record Growth

The 161-year-old Pembroke, Mass.-based compass manufacturer added a sixth workday to keep up with demand.

‘A Phenomenal Success’

The Southampton International Boat Show had more than 88,000 visitors during its 10-day run, after last year’s cancellation.

TopSide Marinas Makes First Two Acquisitions

Founded in January 2020, the firm has thus far acquired Beavers Bend Marina in Oklahoma and Galveston Yacht Basin in Texas.

Two Boosts for Boating and Fishing

MBIA’s Metro Boat show show draws a crowd, and the U.S. Fish and Wildlife Service expands boating and fishing opportunities.

Norwalk Boat Show Held This Weekend

The NMMA show runs through Sunday at Norwalk Cove Marina in Norwalk, Conn.

Raritan Expands Team

Patrick McNeel joins the New Jersey-based manufacturer as a marine equipment product developer.

Industry Mourns Walter “Bing” Burns O’Meara

The longtime publisher of Lakeland Boating magazine has died at 81.