GM Dealers Must Sign New Franchise Agreement to Continue

Want to be a dealer for the new General Motors? Then you better tear up your old franchise agreement and sign the new one. The agreements are called “participation agreements,” making clear the choice is GM’s way to participate in the insolvent network or the highway.

"There isn't any choice," said Mike Uffner, chairman of AutoTeam Delaware, which owns a Cadillac dealership. Uffner received, and signed, a participation agreement to remain part of GM's dealer network. "I think the dealers who want to stay with the new company are going to sign it," he said, "and they're the lucky ones." – Delaware Online