Auto dealers may be revived will new bill
Automobile dealers cut by General Motors and Chrysler during their recent bankruptcies could have a new lease on life if a proposed bill gets through the U.S. Congress.
Automobile dealers cut by General Motors and Chrysler during their recent bankruptcies could have a new lease on life if a proposed bill gets through the U.S. Congress.
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The bill is known as the Automobile Dealer Economic Rights Restoration Act. It’s aimed at restoring the franchise agreement of dealers dropped by General Motors and Chrysler as part of their restructuring efforts. Don Bragg’s Gegnas Chrysler Jeep was one of those dealers. He says he would welcome an opportunity to sell new cars again.
Bragg: I have all the equipment, I have all the trained technicians that I paid a lot of money to train, I have all the special tools and I have a half a million dollars in parts for Chrysler products.
Congressman Patrick Murphy is a co-sponsor of the bill. He says the dealers should be given a chance to compete instead of being unilaterally cut. GM and Chrysler cut under-performing dealers as part of an effort to trim costs and strengthen the remaining dealer network.
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