Phone: 630-495-2282 Fax: 630-495-2260 Map/Directions

GM, Chrysler seek settlement with rejected dealers

November 15, 2010

As congressional hearings continue and bipartisan support for the dealers grows, General Motors Corp. and Chrysler LLC are seeking a negotiated settlement on dealer closures, the Washington Times reported.

Amid word that the companies are seeking a non-legislative solution to the dealer closings, House Majority Leader Steny H. Hoyer and Rep. Chris Van Hollen, both Maryland Democrats and original co-sponsors of the Dealer Rights bill (House Resolution 2743), are involved in settlement efforts.


The bill is called the Automobile Dealer Economic Rights Restoration Act. The House Judiciary Committee last week held two days of hearings on the dealer terminations. Earlier, the House Financial Services Committee requested documents on the Obama administration’s handling of the automaker bailouts, citing concerns about the treatment of employees, retirees, creditors and dealers, and the post-bankruptcy ownership structure of the companies.


The federal government now owns 61 percent of GM and 8 percent of Chrysler. The resolution seeking documents was sought by House Minority Leader John A. Boehner (R-OH), but endorsed by Democrats on the committee, including Rep. Barney Frank (D-Mass.), the committee’s chairman.