Monday, January 12, 2009

Barrett-Jackson selling GM collectibles

Click on the link below, and at the bottom of the page, you will see General Motors history being auctioned off in cars under "GM Offering.". The auction starts tomorrow, and they have 225 different lots of "collectibles" from GM.

GM wants to close 500 dealerships this year, after 350 closed last year.

So it looks like GM is showing that it feels the "pain" also. GM's next step is to dump Hummer and Saab. I suppose the pairs trade on that news is to go short storefront window glass and long plywood.

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