WKYT | Lexington, Kentucky | News

House approves compromise on GM, Chrysler dealers

WASHINGTON (AP) - The House has approved a compromise plan to give General Motors and Chrysler dealers an appeals process to keep their showrooms open.

The provision is contained in a $1.1 trillion spending bill approved yesterday. It gives the 789 Chrysler dealers closed in June and more than 1,350 GM dealers expected to be shut down next year a chance to challenge the automakers' decisions.

GM and Chrysler have attempted to shed dealerships as part of their government-led bankruptcies. But the moves have riled up members of Congress, who have received numerous complaints from dealers being shut down.

The legislation requires arbitration panels examining the closings to weigh a number of issues. Those include the economic interests of the terminated dealer, the company and the public, the dealer's profitability during the past four years and conditions that could have led to a poor sales performance, including natural disasters and a poor local economy.

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