Congress may help dropped auto dealers
As Chrysler, GM announce cuts, Senate and House officials consider possibility of legislation to at least soften the blow.
WASHINGTON (Reuters) -- U.S. lawmakers whose home districts include General Motors Corp. and Chrysler LLC operations in Michigan are weighing the possibility of legislation to help auto dealers being dropped by the two distressed companies.
Senate and House officials told reporters on Thursday that Congress could intervene to at least soften the landing for dealers being notified this week that their contracts will not be renewed.
"I have more questions for the companies themselves as to what the process is going to be going forward," said Rep. Gary Peters. "Dealers understand there will be consolidation. They want an orderly process."