GM to close 2,300 dealerships

It looks like hard times for 'ol skool' used car salesmen. Yesterday, Chrysler closed 789 dealerships, and today GM announces it will attempt closure of 2,300 dealerships thru 2010. The giant automaker has fallen on hard times. Sadly, over 100,000 people will lose their jobs before it is over.

Boy is this bad news or what, I still wonder how a debunker can claim that all is well. As for me, it seems like we are in a world of hurt for the automotive industry, with a looming bankruptcy for GM, and perhaps even liquidation of assets.

Future cars are going to be much smaller and with an increase in efficiency. The days of the big SUV that gulps gas are numbered. These dinosaurs from Detroit are almost extinct.