Wednesday, October 19, 2011

Cordray pans Chrysler sale over dealer worries - Nashville Business Journal:

karnergetajequ1416.blogspot.com
Attorney General Richard Cordray and officialsz from nine other states filee a limited objection and statemenf in support of auto dealers this week in of New Attorneys general argued thesale shouldn’ft allow the automaker to escapse requirements of state laws, including thosw pertaining to the termination of dealership agreements. “Onn less than 30 days’ notice, Chrysler proposes to rejec dozens of dealer agreements in Cordray said ina release. “Somse consideration should be given tothose dealers, and Chryslerf shouldn’t be allowed to disregard its obligationzs under Ohio law.
” Chrysler’s move to cut 789 dealershipx from its network in and around Centrak Ohio, including Spitzer Dodge of Columbus and Byers Dublibn Dodge. Automotive News reportede this week that a Bankruptcy Court hearing has been set for June 3on Chrysler’ds move to revoke the Cordray previously has filed objectionsa to the sale over the effects that Chrysler’xs deal to emerge as a new company underf a partnership with Italian automaker Fiat could have on Ohio’w Lemon Law and its workers’ compensation system. Cordrat said attorneys from Ohio and other statezs are negotiating withAuburn Hills, Mich.-based Chrysler on both issues.

No comments:

Post a Comment