Dealers sue GM Canada
A group of dealers is suing General Motors of Canada for millions ofdollars in damages for alleged contract breaches and are seeking acourt injunction to stop the auto giant from terminating theirfranchises.
A group of dealers is suing General Motors of Canada for millions of dollars in damages for alleged contract breaches and are seeking a court injunction to stop the auto giant from terminating their franchises.
Eleven longtime southern Ontario dealers and one from Prince Edward Island filed a statement of claim in Ontario court Thursday.
The dealers, including store owners such as Giles Chevrolet in Stouffville, Robinson Pontiac Buick in Guelph and Robert Slessor Pontiac Buick in Grimsby, say they want a permanent injunction to prohibit GM from ending their agreements and a declaration entitling them to remain open for at least five years.
Their claim is seeking unidentified compensatory damages for loss of profit, goodwill, reputation, market share and business opportunities because of the alleged breaches, plus $1.5 million in punitive damages for each dealer.
More than 200 dealers have accepted wind-down agreements and already closed their GM stores.