GM wants 25 minority-owned dealerships by yearend

Article by Anita Panait, on July 17, 2013

General Motors is planning to add 18 minority-owned dealerships by year end, with 45 candidates in waiting, GM North America President Mark Reuss said during a panel discussion at the annual conference of National Association of Minority Automobile Dealers. Reuss said that GM has already added seven minority-owned dealerships this year, and is aiming for 25 stores.

Reuss remarked that some of the 45 minority candidates had worked at or owned dealerships, adding that the challenge is how to get them in. Reuss said that GM -- via its Motors Holding unit that invests in dealerships with qualified dealers that don’t have the money – could capitalize different “risk profiles of people to enable them."

During GM’s annual shareholders meeting in June, NAMAD President Damon Lester and civil rights leader Jesse Jackson lashed at the carmaker for having too few minority-owned dealerships.

They urged GM to craft a written strategy and plan for execution. Following the panel discussion, Lester remarked that while GM's "stretch goal" of 25 minority dealership appointments in 2013 sounds good, NAMAD wants to see a written plan, so that they can have something to refer back to. [source: automotive news - sub. required]

Topics: gm, dealership

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