Meltdown 101: Why GM, Chrysler want fewer dealers

Monday, June 8, 2009 | 3:51 p.m. CDT; updated 4:35 p.m. CDT, Monday, June 8, 2009

Both General Motors Corp. and Chrysler LLC have announced plans to dramatically reduce their networks of thousands of dealers, saying that the moves are needed to cut costs as part of their restructuring efforts.