Tuesday, December 15, 2009

Congress Voted

Congress voted to approve their massive appropriations bill in the wee hours of the morning last Sunday, and by doing so, perhaps give GM and Chrysler dealers who were given closure notices a second chance. The bill mentioned in our previous breaking news article regarding dealership closures was rolled into the giant omnibus bill, so it appears that it will now be in the hands of an independent arbitrator, appointed by the feds, to designate which new car dealerships are closed down. It should be interested to see how this works out, but for now, at least the dealers who were shut out by the factories now have a glimmer of hope that they can keep their doors open. We’ll have more in the next MCG.