General Motors closes in on agreement with Holden dealers

EXCLUSIVE US car giant General Motors has issued a deadline to reach an agreement with Holden dealers over compensation for ending their franchise agreements almost three years early – following a high level meeting of lawyers and executives representing both parties last week. A confidential email – issued after the meeting – from Holden to its network of 185 dealers who operate 203 showrooms, also warned the settlements will come in three separate payments rather than a lump sum.