Saturday, August 13, 2011

McCaskill, Bond ask car czar for details about closing dealerships - St. Louis Business Journal:

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Auto dealers statewide have expressed frustratiob to McCaskill and Bond about the lack of informatiohn they have received from Chryslerand GM, sayingg they didn’t know the criteria used to make the contractg termination decisions. The two Missouri senators asked the task force for the criteriw used to determine how many and which dealershipss wouldbe terminated, as well as the processe for dealerships to appeal decisions. “Man Missouri dealers are asking us why certain profitable dealers, costing the auto companies were selected for McCaskill, a Democrat, and Bond, a wrote to White House car czar Steve Rattner.
“From this perspective it appears an arbitrary standars may have been used to make these decisions these dealers deserve a little more than just a pink slip in the The lawmakers also asked for information on how individua l GM investors would be fairly representer in therestructuring decisions. Other Missouri and Ilinois lawmakers have Last 789 U.S. Chrysler dealers were they would be dropper by thestruggling automaker, including several St.
Louis-area About 1,100 GM (NYSE: GM) dealersx

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