November 27, 2014
WASHINGTON (AP) - Top executives from General Motors and
Chrysler will appear before a Senate committee Wednesday to address
concerns about hundreds of dealership closings as the two automakers work through government-led bankruptcies.
GM CEO Fritz Henderson and Chrysler President Jim Press will appear before the Senate Commerce Committee chaired by Democratic Sen. Jay Rockefeller of West Virginia, who has questioned the large-scale closing of dealerships.
Chrysler has announced plans to close about a quarter of its 3,200 U.S. dealerships by June 9. GM plans to drop about 20 percent of its dealers by late next year.
The lawmakers will also hear from dealers affected by the changes.
GM filed for bankruptcy protection Monday and Chrysler is hoping to emerge from bankruptcy within weeks.
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