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Filed under: Car Buying , GM Two brothers that own dealerships in Texas peddling the General's wares decided that the best way to combat the inevitable depreciation inflicted on their customers is to give them 50 shares of GM stock. The promotion involves the first 100 buyers (for GM's 100-year anniversary) and 5,000 shares in GM that the siblings bought at the end of last week. GM stock is floating between $6.00 and $7.00 today, meaning that the lucky 100 will have something in the neighborhood of $300-350... assuming GM's stock hold steady. It being Friday afternoon and an excruciatingly long week, we'll let you make the jokes in the comments below. [Source: Automotive News - Sub. Req.] Read | Permalink | Email this | Comments
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Filed under: Car Buying , Marketing/Advertising , Cadillac , GM , HUMMER , Saab Among the many ills plaguing automakers, and General Motors in particular, is an excessive amount of dealers selling their wares through competing outlets. GM has decided to rectify the matter by combining its top three "luxury" marques - Cadillac, HUMMER and Saab - into megastores that aim to provide consumers with a variety of choice without watering down each brand's distinct niche. The plan involves consolidating the 1,400 Cadillac dealerships with the 238 Saab and 170 HUMMER outlets to form a one-stop shop for all things at the high-end of the General's spectrum. There have already been a few cases where GM has helped larger dealers buyout Mom and Pop operations that weren't willing to expand or were looking to get out of the retail game entirely. While the move has the potential to make it easier for consumers to get everything they want under one roof, the amount of capital GM might...
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