Thursday, Chrysler released a list of 789 dealers that it was letting go. Today, G.M. will send the letters to 1100 dealers with the bad news that their franchises will not be renewed after October 2010.
According to the New York Times:
Over all, G.M. plans to eliminate 2,369, or 40 percent, of its 5,969 dealers by the end of 2010. G.M. on Friday revised its number of current stores down from 6,200. In addition to the cuts being revealed Friday, the company expects to shed about 500 dealers that sell only Pontiac, Saturn, Saab or Hummer, the brands it intends to …read more

Is Now The Perfect Time to Buy a Franchise?  Some think so… especially those who sell franchises.  In this Fox Business interview, Franchoice CEO Jeff Elgin discusses why he feels now is the perfect time to start your own franchise… and which segments of franchising are best in a down economy.
Franchising in 2009
http://www.youtube.com/watch?v=JDbx4itBPcE
WHAT DO YOU THINK?  SHARE A COMMENT BELOW.
__________________________
FEATURED STORY:

TanWorld: Creating the Next-Generation Tanning Salon Franchise
OVERVIEW Interview with Tanworld V.P. Bob McQuillan
Visit FRANBEST’s: Unbiased franchise information, franchise interviews and detailed, searchable information on 400 franchise and business opportunities.
.

Franchisees, customers & experts vote for their favorite new franchises at …read more

Good news:  White Castle is going green.  At Greener Assets, Allison Boyer reports that the fast food chain that gave us the Slider will be making a switch to more sustainable packaging at over 400 restaurant sites over the next few months.
Read more here:  Who’s Going Green: White Castle
WHAT DO YOU THINK?  SHARE A COMMENT BELOW.
__________________________
FEATURED STORY:

TanWorld: Creating the Next-Generation Tanning Salon Franchise
OVERVIEW Interview with Tanworld V.P. Bob McQuillan
 
Visit FRANBEST’s: Unbiased franchise information, franchise interviews and detailed, searchable information on 400 franchise and business opportunities.
.

Franchisees, customers & experts vote for their favorite new franchises at Top New Franchise: Who’s …read more

According to an International Franchise Association Educational Foundation report released Wednesday, restaurants are one of few franchised businesses expected to expand, even if only slightly, during the economic downturn.
An article on the study in Nations Restaurant News reported:

The franchise industry this year is expecting a decline as a whole — by the number of establishments, jobs and economic output — but a 1.5 percent increase in the number of quick-service restaurants and a 1.3 percent increase in the number of table, or full-service, restaurants is expected in 2009. The IFA report, The Franchise Business Economic Outlook for 2009, was prepared …read more