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.

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