Bankruptcy
Jul. 21, 2009
Auto Dealers' Uphill Battle
A proposed state Senate bill is long overdue and may help to preserve the business investment of many auto dealers in California, writes Aaron Jacoby.
FORUM COLUMN
By Aaron Jacoby The auto industry has been consolidating of late, with car dealers pushed along in the process by GM and Chrysler through the court approved mass rejection of 3,200 franchise agreements in the manufacturers' bankruptcy proceedings pending in the U.S. Bankruptcy Court for the Southern District of New York. Industries typically face consolidation and attrition as a natural, evolutionary course in the business cycle. It i...For only $95 a month (the price of 2 article purchases)
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