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Tag Archive for 'Congress'

Chrysler, dealers enter arbitration

Over half of the dealers dropped by the new Chrysler will take part in binding arbitration with the new company, following a bipartisan bill passed by both houses of Congress.
Congress had refused to pass a bill to rescue General Motors and Chrysler, with representatives from both parties saying the government should not get involved [...]

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Dealer survey, compromise bill

J.D. Power’s 2009 sales satisfaction index has been released, and Dodge and Jeep dealers are anchoring the bottom, rated better than just one non-luxury brand – Mitsubishi. Every brand other than Chrysler was ranked above Dodge, Jeep, and former partner Mitsubishi. Chrysler came in just below Toyota, beating Hyundai, Nissan, Mazda, and its fellow Chrysler [...]

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Jan Bertsch speaks before Congressional TARP panel

Yesterday, Jan Bertsch, Chrysler Group’s Senior Vice President and Treasurer, made the following statement before the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP) Field Hearing on the Automotive Industry Financing Program:
Members of the Panel, thank you for giving me the opportunity to discuss with you the financial assistance provided to the domestic [...]

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Real costs of “bad” Chrysler dealers

Peter Grady, VP-Network Development and Fleet, issued the following statement (abbreviated somewhat here):
… As Congress considers legislation aimed at reversing our decisions, I feel it’s important to set the record straight—not with opinion or rhetoric, but with straight facts. …
We chose the network that we felt would best represent the new Chrysler Group LLC in [...]

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Politicians demand government intervention

Republican and Democrats alike have led the charge to have the government override private industry’s decisions as 202 Congressmen cosponsored a bill which would prevent GM and Chrysler from dropping dealers while in bankruptcy. In Chrysler’s case, the dealerships have already lost their franchises and some have closed.
The proposal would overrule bankruptcy law, judicial decisions, [...]

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Federal car trade program reborn

The House of Representatives has attached a Federal rebate program for buyers of new cars to a completely unrelated war spending bill in order to fast-track. This greatly increases the likelihood of passage of the program, which would provide $3,500 to $4,500 for people who trade in their old car for new ones that get [...]

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