General Motors Company CEO Fritz Henderson told lawmakers in Washington yesterday that the Detroit automaker plans on restoring a limited number of dealers that were “mistakenly terminated.” He said that GM would not provide them any compensation since it already provided financial assistance when the wind-down plans were in effect.
Rep. Pete Hoekstra, R-Mich., said that Henderson told the congressional delegation that an agreement could be announced as early as today.
In an interview with Automotive News, Hoekstra said Henderson told them on a conference call that GM plans to review plans to shutter 1,350 dealerships by October 2010 to see whether any errors were made
“He was very vague, and the plan sounded inadequate to me,” Hoekstra said. “He explained, for instance, that they might reopen some franchises if they found errors, but he didn’t say what those errors might be.”
– By: Stephen Calogera