Top Firms
Feb. 10, 2011
Thinking Outside the Box for Automotive Clients
At Arent Fox, attorneys with different backgrounds organize around the automotive industry to provide a suite of legal services to manufacturers, dealers and others.
When General Motors Corp. and Chrysler LLC declared bankruptcy in 2009, the companies used Chapter 11 restructurings to axe roughly 2,800 dealerships - 30 percent of the nationwide total. Before, an auto manufacturer wanting to close dealerships would have faced stiff oposition that might have made the endeavor impossible. State laws governing franchise agreements generally favor dealers over automakers, and terminating ...
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