Concerns Over GM Bankruptcy

By: Associated Press Email
By: Associated Press Email

WASHINGTON -- As GM files for bankruptcy protection And Chrysler is hoping to emerge from bankruptcy within weeks, 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.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 46628202 -
Gray Television, Inc.