Part Two of a Two-Part Article
The difficult circumstances facing automakers have already led to the closure of many dealerships, and more will come in the wake of the Chrysler bankruptcy and the elimination of GM's Pontiac brand.
Part One of this article explained the benefits of engaging a dealer early and discussing possible workout arrangements, and it outlined the impact that a dealer's bankruptcy filing can have on the process. In Part Two, we consider an automaker's options when termination, liquidation, or change in ownership of a dealership cannot be avoided.
Part Two of a Two-Part Article
The difficult circumstances facing automakers have already led to the closure of many dealerships, and more will come in the wake of the Chrysler bankruptcy and the elimination of GM's Pontiac brand.
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