GM said today that it will notify 1,100 of its U.S. dealers that their franchise agreements will not be renewed.The cuts will come just a day after crosstown rival Chrysler announced it was dropping 789 of its roughly 3,200 dealerships, a quarter of its force, by around June 9. Both companies have too many dealerships for too few sales and are slashing costs as they race to restructure. For more on this story, click here.

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