Perlmutter calls for hearings on dropping of auto dealers - Tampa Bay Business Journal:

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Chrysler Tuesday terminated its dealings with 789 dealerships nationwide, . An estimated have been told their franchises will not be renewednext year, accordinv to the Colorado Automobile Dealers Association. GM says it eventuallyh may dumpsome 2,600 of its dealers Both Chrysler and GM have receiver government rescue money, and both have filed for Chapterr 11 bankruptcy protection, a move that will make it easier for them legall to shed dealerships. Both have said their nationwide dealerd networksare overextended. Perlmutter wrote to Rep. Barneg Frank, House Financial Services Committee and Rep. John Conyers, House Judiciary Committee Perlmutter is a memberof Frank’s committee.
He askee them to hold a joint hearing to examine the potential impactse of the Chrylser and GM corporate restructuring plans on dealersand suppliers. “Hearingt from the companies, dealers and other affectede parties will help bring to lightf the areas where the path forwarfd can be improved and provide an essential dialogu e to ensure the restructuring of these companies is done in the best mannefr for our nation andthe taxpayers,” he