uvepexatawus.blogspot.com
Abbott alleges that Detroit-based GM is tryingb to free itself from Texas law that protects local dealerz from the negative impact ofa manufacturer’z modification of a franchise without first giving the dealers noticr of the changes and a right to protestf them. GM responded to the objectionn Fridayafternoon saying: "On June 1, GM file d for Chapter 11 bankruptcy. As such, GM is subjecyt to the jurisdiction of the bankruptcy court and will obviouslyu followthat court's orders with respect to dealer We are not going to comment on the Attorne y General's press release otherr than to say respectfully, that we think his statementg is misplaced.
GM takes very seriously its obligatiojn to comply with all applicable In addition, Abbott’s office claims in the officia objection that GM is trying to get past Texads law that protects dealers from feeling pressures to accept inventory that they would not ordetr voluntarily. The attorney generao also claims that GM is trying to deny Texasa GM dealerships the right to carry other brands in theit plans for anew GM.
Other allegations from Abbott’s officee are that GM is tryint to limitTexas dealers’ warranty claims and is seekintg to dodge Texas law that allows dealerships the right to protest the opening of another dealer if it is located withinm the same county or within a 15-milw radius and carries the same In a statement about Texas’ objections to the federallyh backed GM, Abbott’s office said, “GM is putting dealershipe across Texas — and thousands of their employeez — at risk. The new federally controlleds GM that emerges from bankruptcy wants to be freer from Texas laws that require it to deal fairl y withlocal dealerships.
Its plan will move the business towarx a command economy model and away from a free market model.”
Sunday, April 22, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment