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Under Project 2000, GM would eliminate or relocate dealerships, and also focused on establishing multi-brand locations, selling Buick, Pontiac and GMC vehicles or Cadillac, Hummer and Saab vehicles. The program was controversial with dealers, many who didn't want to close their dealership or sell their franchise rights.
General Motors Company (GM) [2] is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. [3] The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM.
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
GMC (formerly the General Motors Truck Company (1911–1943), or the GMC Truck & Coach Division (1943–1998)) is a division of American automotive manufacturer General Motors (GM) for trucks and utility vehicles. GMC currently makes SUVs, pickup trucks, vans, and light-duty trucks.
Group 1 Automotive, Inc. is an international Fortune 300 automotive retailer [3] with automotive dealerships and collision centers in the United States and the United Kingdom. . Group 1 sells new and used cars and light trucks, arranges financial services, provides maintenance and repair services, and sells vehicle par
Complex includes GMC Truck & Coach Division Plants 1, 3, 4, and 5. Plant 1 was originally the plant of Rapid Motor Vehicle Company, one of the 2 main ancestors of the modern GMC Division (the other being Reliance Motor Car Company). Plant 1 was located at 25 Rapid Street and opened in 1906, before Rapid was taken over by GM in 1908-1909.
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