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GM And Chrysler Dealerships Could Be Restored By Washington

By Scott Sarvay
June 18, 2010 Updated Jul 17, 2009 at 11:36 AM EST WASHINGTON (Indiana's NewsCenter) - A spending bill passed by the U.S. House would force General Motors and Chrysler to restore franchise agreements with approximately 3,000 dealerships. Dealers across the country were cut loose as part of restructuring plans approved by bankruptcy courts. Meanwhile, the House Financial Services committee is seeking documents from the Obama administration on the "bailouts of General Motors and Chrysler.” Lawmakers have questions about how the President's auto task force reached its decisions to send the auto companies into bankruptcy, saying it hurt dealerships, workers and retirees.
(© Copyright 2009 Indiana's NewsCenter. All Rights Reserved.)

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