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Key dates in the GM, Chrysler dealer appeals
Key dates in GM and Chrysler's efforts to pare down their U.S. dealer network.
-- April 30, 2009: Chrysler LLC files for bankruptcy protection.
-- May 14: Chrysler says it wants to shed 789 of its 3,200 U.S. dealerships by June 9 in a motion filed with the U.S. Bankruptcy Court in New York.
-- May 15: As it heads toward bankruptcy protection, General Motors Corp. tells 1,100 of its 6,150 U.S. dealers that it won't renew their franchises in fall of 2010.
-- June 1: GM enters bankruptcy protection.
-- June 9: Chrysler Group LLC exits bankruptcy protection.
-- July 10: General Motors Co. exits bankruptcy protection.
-- Dec. 3: GM and Chrysler say they will reconsider dealership closures as part of an effort to stave off federal legislation requiring them to keep dealerships open.
-- Dec. 10: Congress requires a binding arbitration process for the 2,800 GM and Chrysler dealers threatened with closure as part of a $1.1 trillion spending bill.
-- Jan. 26, 2010: Nearly 1,600 GM and Chrysler dealers meet a deadline to appeal their closures, according to the American Arbitration Association, a resolution service selected to conduct the hearings.
-- Late February: The American Arbitration Association begins hearings.
-- March 5: GM says it will reinstate 661 dealers because it doesn't have time to negotiate with all 1,100 of its dealers who applied for arbitration.
-- March 26: Chrysler offers to reinstate 80 dealers.
-- June 14: Original deadline for the hearings to end. The hearings are extended for another month.
-- June 29: GM North American President Mark Reuss says GM will end the arbitration process with around 4,500 U.S. dealers.
-- July 14: Arbitration hearings are scheduled to end.
-- July 23: Due date for final decisions.
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
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