The Senate Commerce Committee plans to call the CEOs of Chrysler LLC and General Motors to testify early next month about concerns over their plans to close hundreds of dealerships.
The companies need to address "the short and insufficient transition period given to dealerships for franchise terminations," said Senators John Rockefeller and Kay Bailey Hutchison, the panel's Democratic chairman and ranking Republican, today in a letter to Chrysler's Robert Nardelli and GM's Fritz Henderson.
They said the executives must address what happens to the closing dealers' inventories of vehicles and parts, along with the companies' efforts to minimize job losses and provide consumers with details about warranties and future service needs. The committee plans to hold a hearing June 2 on the dealer closures, Hutchison said Thursday.
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