General Motors Corp. CEO Fritz Henderson (AP file photo)

GM, Chrysler execs go to Senate Wed.

Henderson, Press to answer questions about dealers

Updated: Monday, 01 Jun 2009, 11:38 AM EDT
Published : Monday, 01 Jun 2009, 11:37 AM EDT

WASHINGTON (AP) - Top executives from General Motors and Chrysler will appear before a Senate committee Wednesday to address concerns about hundreds of dealership closings as the two automakers work through government-led bankruptcies.

GM CEO Fritz Henderson and Chrysler President Jim Press will appear before the Senate Commerce Committee chaired by Democratic Sen. Jay Rockefeller of West Virginia, who has questioned the large-scale closing of dealerships.

Chrysler has announced plans to close about a quarter of its 3,200 U.S. dealerships by June 9. GM plans to drop about 20 percent of its dealers by late next year.

The lawmakers will also hear from dealers affected by the changes.

GM filed for bankruptcy protection Monday and Chrysler is hoping to emerge from bankruptcy within weeks.

Copyright Associated Press, Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Comments (Login Not Required)

 

  • Recommended Stories

NBC Olympics 2010

Get to know Vancouver and the local athletes that will be competing in the Olympics Feb. 12, 2010.

Connections

Looking for information, or details about a product or service? Our online guides can help!