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Rick Wagoner, the CEO of General Motors Corp. (NYSE: GM), continues to batten down the hatches at the world's largest automaker. Sales in 2008 are predicted to be fairly weak, and this isn't helped by the fact that the automaker's dealer network could be compared to McDonalds Corp. (NYSE: MCD): so many locations that they seem to be on every corner.
Wagoner needs to fix that, and the CEO said this week that its U.S. consumer sales network was not shrinking enough to correlate with the sales slowdown and product mix shift it's been experiencing. Hence, many dealers will need to consolidate faster than they have been, with the focus on combining Pontiac, Buick and GMC dealerships into one channel.
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