| Part Of House Energy Subcmte.: GM and Chrysler Dealership Closures
Report Video IssueAutomobile Dealership Closures, Continuation
2009-06-12T11:56:10-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvN2NlXC8yODY5OTUtMDItbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Automotive industry executives and auto dealers continued their testimony following a vote break for committee members.
Witnesses examined the recent auto dealership closures announced by Chrysler and General Motors. Chrysler plans to close 789 dealerships this week and GM wants to eliminate approximately 2,500 of its 6,000 dealerships by the end of next year.
The automakers said that large dealer networks now represent a drain on the companies. They argued that they would save billions on support costs, incentive payments and other costs by closing dealerships that perform poorly or do not fit restructuring plans.
Auto dealers said closing so many dealerships would eliminate tens of thousands of jobs, hurt local economies and do little to improve the automakers' long-term prospects.
See program id# 286995-1 to view the first portion of the hearing.
Witnesses examined the recent auto dealership closures announced by Chrysler and General Motors. Chrysler plans to close 789 dealerships this week and GM wants to eliminate approximately 2,500 of its 6,000 dealerships by the end of next year.
The automakers said that large dealer networks now represent a drain on the companies. They argued that they would save billions on support costs, incentive payments and other costs by closing dealerships that perform poorly or do not fit restructuring plans.
Auto dealers said closing so many dealerships would eliminate tens of thousands of jobs, hurt local economies and do little to improve the automakers' long-term prospects.
See program id# 286995-1 to view the first portion of the hearing.
Automotive industry executives and auto dealers continued their testimony following a vote break for committee members. Witnesses exami… read more
Automotive industry executives and auto dealers continued their testimony following a vote break for committee members.
Witnesses examined the recent auto dealership closures announced by Chrysler and General Motors. Chrysler plans to close 789 dealerships this week and GM wants to eliminate approximately 2,500 of its 6,000 dealerships by the end of next year.
The automakers said that large dealer networks now represent a drain on the companies. They argued that they would save billions on support costs, incentive payments and other costs by closing dealerships that perform poorly or do not fit restructuring plans.
Auto dealers said closing so many dealerships would eliminate tens of thousands of jobs, hurt local economies and do little to improve the automakers' long-term prospects.
See program id# 286995-1 to view the first portion of the hearing. close
People in this video
Hosting Organization
More Videos From
House Energy Subcmte.: GM and Chrysler Dealership Closures
Purchase a Download
Automobile Dealership Closures, Continuation
-
MP4 video - Standard
- Price:
- $9.99 or Free with MyC‑SPAN
-
MP3 audio - Standard
- Price:
- $0.99
Related Video
-
Automobile Dealership Closures
Witnesses examined the recent auto dealership closures announced by Chrysler and General Motors. Chrysler plans to close…
-
General Motors and Chrysler Restructuring Plans
Witnesses testified about the closures of several General Motors and Chrysler dealerships. Among the issues they address…
-
Toyota Recalls, Panel 1
The Subcommittee on Oversight and Investigations held a hearing titled, “Response by Toyota and NHTSA to Incidents of Su…
-
Toyota Recalls, Panel 2
The Subcommittee on Oversight and Investigations held a hearing titled, “Response by Toyota and NHTSA to Incidents of Su…