DENVER (AP) -- General Motors Co. says it's working to restore relationships with its dealers and will comply with a Colorado law that aims to help dealers dropped by carmakers.
In February, GM launched radio and print ads opposing a Colorado bill requiring carmakers to reimburse dropped dealers for expensive upgrades they were required to make in the last five years. The bill also gave dealers a right of first refusal if GM awarded another franchise nearby.
GM spokesman Greg Martin says a version Gov. Bill Ritter signed into law is less onerous. It allows for depreciation on the amount GM must reimburse, and it limits the right of first refusal to five years.
Martin didn't have an estimate Friday of how much the Colorado law could cost GM.
On the Net: Read the law: http://bit.ly/afGMDo
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