Dealers get another day to prepare; Chrysler drops planes

Judge Arthur Gonzalez has delayed a hearing on Chrysler’s request to terminate 789 of its dealers until Thursday, to give dealers more preparation time; the Senate Commerce Committee is questioning Jim Press and Fritz Henderson about Chrysler and GM’s dealer-dropping plans today. While Chrysler plans to terminate 789 dealers’ franchise agreements, GM is planning to drop around 2,000 dealers in upcoming years. 

Judge Gonzalez granted Chrysler’s request to cancel its leases on two Gulfstream aircraft, which are based near Auburn Hills. The leases were signed in 2007.