GM, Chrysler Defend Slashing Dealerships

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Wednesday, June 3, 2009

Top executives from General Motors and Chrysler are defending their decision to slash dealerships around the country despite many hardships.

They say the moves are unavoidable as they fight to overcome bankruptcy and survive.

GM president Fritz Henderson and Chrysler President James Press tell the Senate Commerce Committee in prepared testimony that there are too many dealers and the networks date from the 1940s and 1950s when their companies were giants.

Henderson says that reinventing GM is "quite painful" for the company, customers and especially for our dealers.

Committee Chairman Jay Rockefeller is complaining that the car companies are leaving local dealers and their customers out in the cold. That, Rockefeller said, is just plain wrong.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 46838187 - kake.com/a?a=46838187