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The choice of which brands to keep and which to close was made based on GM's "channels" where dealers sell models from within a channel consisting of certain brands.
The objective was to leave all dealers with at least one or two brands still available to them from their channel so as not to violate any franchise agreements.
When they closed Oldsmobile they violated franchise agreements and had to pay a ton of money out to dealers.
Not sure how GM's bankruptcy affects (effects?) this if at all.
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