There is no quick, Viagra-like remedy for the General Motors minority dealer program.
It will take time, common sense and hard work from every GM operating group plus more accountability from minority dealers to make the program successful, according to a much-anticipated blue ribbon report by Washington attorney Weldon Latham.
Latham, senior partner at Shaw, Pittman, Potts & Trowbridge, was retained by GM in August 1997 to figure out why so many minority dealers are failing. Thirty-six percent of GM's 232 minority dealers were in the red as of Dec. 31, 1997, according to the report.
The 3-inch-thick report, delivered to GM on June 2, contains 215 recommendations covering virtually every aspect of its minority dealer program including selection and training of candidates, dealership acquisition …
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