Dealing with bad news in a MultiCultClassics Monologue…
• General Motors followed Chrysler’s lead, announcing a move to dump 2,600 of its 6,200 dealerships. The automaker admitted there were too many dealerships under-performing or competing with each other. An industry analyst remarked, “No longer will people be able to shop between three or four dealers within 15 minutes of each other for the best cutthroat price.” Actually, Americans have been ignoring all three or four GM dealers within 15 minutes of each other.
• Rapper T.I. is heading to Arkansas, where he’s scheduled to begin his prison sentence for federal weapons charges starting on May 26. No word if he’ll be dumping his arms dealers before reporting to jail.
• The Air Transport Association predicted U.S. airlines will carry nearly 14 million less summer passengers. However, the organization anticipates there will be zero reduction in lost luggage.
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