Friday, March 05, 2010

Do Over

So after destroying thousands of jobs and ruining lives, Government Motors says “OOPS!  Do over!” 

General Motors Co. will reinstate more than half the dealerships it targeted to drop from its network.

GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving them the option to remain with the automaker.

The Detroit automaker last year told 2,000 dealerships it would revoke their franchise agreements in October 2010 as part of its restructuring. The company has said it needs to shrink the number of showrooms to keep the remaining ones healthy.

The dealerships, who say they have been treated unfairly, have been appealing the decision.

(5) Comments
Posted by Owen at 1709 hrs
Economy + Politics + Politics - General

  1. So the administration realized that some of the franchises that were axed donated to Democrats?

    Posted by .(JavaScript must be enabled to view this email address) on March 05, 2010 at 1742 hrs


  2. The revocation was done while in bankruptcy under the bankruptcy rules. The do-over came because Congress passed a law in December that allows the dealers to appeal the dismissal using arbitration, a right they never had under the bankruptcy law before.

    I guess you like what the Democrats did.

    Posted by .(JavaScript must be enabled to view this email address) on March 05, 2010 at 1758 hrs


  3. No.  We like what the Democrats undone.

    Posted by .(JavaScript must be enabled to view this email address) on March 05, 2010 at 1951 hrs


  4. It’s working so far in Afghanistan.

    Posted by .(JavaScript must be enabled to view this email address) on March 05, 2010 at 2159 hrs


  5. Sure, Joe.  Whatever you say.

    But only because it’s your guy.  If it was Bush, we’d be failing miserably, right?

    Jackass.

    Posted by Steve on March 06, 2010 at 0002 hrs


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