Spending bill H.R. 3170RH, passed by a narrow margin by Congress, included an amendment which read:
SEC. 745. (a) None of the funds made available in this or any other Act may be used to obtain a financial or ownership interest (or right to acquire such an interest) in an automobile manufacturer that deprives an automobile [...]
The most thorough summary of the Chrysler dealership closures so far is at the Washington Post (thanks, merl), which not only provided a summary of totals by brand, but also allows users to select their state and search by brand.
Jeep is getting the hardest hit, with 531 dealerships losing their franchise; these may include numerous [...]
Chrysler’s national dealer council filed a motion with the bankruptcy court, objecting to Chrysler’s request to pull franchises from 789 dealerships on June 9. They argued that the dealers generate revenue while taking the risk on cars they purchase; pointed out that dealers own an average of $5 million in vehicle inventories, and around $2.5 [...]
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