It's hitting the fan........

[Ole]

Bill Heard Enterprises, the country's top Chevrolet dealer group, is closing the doors at all of its 13 dealerships at the end of business today, according to a person with knowledge of the situation.
The company notified the stores' general managers at 2 p.m. today, the source said, who spoke anonymously because he was not authorized to speak.
High fuel prices, cancelled floorplanning from GMAC Financial Services, a reliance on trucks and SUVs, a soft national economy and struggles in local markets had troubled the company, which on Sept. 12 closed its store in Scottsdale, Ariz.
In the end, the company could not raise operating capital and could not finance its floorplan, the source said. Company officials have discussed closing the company since Friday, the source said. ...

[NTIman]

I'm aware of a GM dealership in Winchester that is almost to the point of closing its doors.

Poor sales, poor service, and a manufacturer that fails to stand behind its product is to blame if you ask me.

[Ole]

Actually GMAC cut off funding to them for various reasons.

[Apoc]

Don't worry, taxpayers have money to spare so we can bail them out.

[Ginger]

It's a matter of national security!

[Evan]

they are too big to fail

[WRXtranceformed]

they are too big to fail

That's what she said.

[Ginger]

For what it's worth, the writing's been on the wall for these guys for quite some time.

[Goodspeed]

Don't worry, taxpayers have money to spare so we can bail them out.

http://www.autoblog.com/2008/09/24/house...utomakers/

[Ginger]

For the love of all that is holy, LET IT GO! I'm going to stab myself in the face if this keeps up.

We're buried so deep in the Information Age that we can't keep track of goddamn information that we've stored. We've been there, and done this. I'm going to cry.

[terdcivic]

As long as Honda dealers don't start closing their doors! Amirite?!?!

[Feersty]

The debate should be cancelled! /sarcasm

[Steve85]

These fuckers are unreal...

Post #2 has several videos of a news station investigation series.

http://forums.corvetteforum.com/showthre...?t=2141609

Economy my ass....