WASHINGTON - More than 95 percent of eligible General Motors Corp dealers have signed on or verbally agreed to participate in the new company, chief executive Fritz Henderson said on Friday.

In prepared testimony, Henderson also told a House of Representatives subcommittee that almost 90 percent of dealerships slated for termination have signed or verbally agreed to wind-down terms.

(Reporting by John Crawley; Editing by Derek Caney)

General motors