Saturday, November 20, 2010

AG Suthers joins in fight against GM - Denver Business Journal:

http://www.froggypumpkin.com/?ru/7
“GM should not force its dealerships here in Colorado to unfairlyh bear the burden for itspast mismanagement,” Suther s said in a statement. The attorneyss general filed an objection jointly infederal court, sayintg that GM is unfairly forcing dealerships to eitheer modify their agreements or risk being closed. Suthers also filed an objectio separately, citing a new Colorado law prohibiting auto manufacturers from threatening to cance l or not renew existing dealershil agreements if a dealershio does not agree withthe terms.
Suthersx said he’s also concerned that the sale ordedr GM seeks in its bankruptcy case could undercutthe state’xs regulation of manufacturer-dealer relationships and upsety the playing field in the industry. “Ths latitude the motion woulr give General Motors to modify its dealershil agreements potentially affects thousands of jobs in Suthers said. “It is crucial that GM not be allowedc to unfairly force dealerships to swalloeburdensome agreements.
” Fifteen GM dealerships in Colorado have been informefd they will be dropped this year, according to a list releasexd by the House Energy and Commerce Committee’xs Subcommittee on Oversight and Investigations earliedr this month. The list was basex on information providedby GM. The namew of the dealerships have not beenpublicly

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