Hoyer: Why Close Dealerships? GM & Chrysler: Silence

House Majority Leader Steny Hoyer (D-Md.) says that Chrysler and GM could not explain why they closed many dealerships (0:23).
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Auto Dealer: How Do CEOs of GM, Chrysler Sleep At Night?

Lelica Callaremi, who owns an automobile dealership in New Jersey, asks Congress for more support for the Automobile Dealer Economic Rights Restoration Act of 2009 and asks Fritz Henderson and James Press (CEOs of GM, Chrysler) how they sleep at night (0:14).
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Rep. Sutton: We Don't Care About GM Or Chrysler Brand, We Want To Save Jobs

Rep. Betty Sutton (D-Ohio) says that by preventing GM or Chrysler from shutting down independently owned dealerships, Congress does not intend to preserve the brand of GM or Chrysler. Rather, Sutton says, Congress is making the move to save jobs (0:14).
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Rep. Jackson Lee: Letting Auto Dealers Keep Their Dealerships Open Is A Civil Right

Rep. Sheila Jackson Lee (D-Texas) says that the ability for GM and Chrysler auto dealers to keep their dealerships open is a civil rights issue at a news conference where many auto dealers whose dealerships have been closed were present. In recent months, the Presidents of GM and Chrysler have begun shutting down numerous, and sometimes profitable, dealerships (0:23).
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Chrysler President: Profitability Alone Will Not Keep Dealerships Open

Chrysler President James Press says that profitability was not the only concern when judging which dealerships to close. Some dealerships that turned a profit were closed down due to other concerns, including poor location and selling more used cars than new (0:26)
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Chrysler President: Dealerships Cost Auto-Makers

James Press, the President of Chrysler, says that keeping underperforming auto-dealerships in business, despite popular belief, does pose a financial risk for Chrysler (0:34)
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Sen. Snowe Discusses the Effects of the GM and Chrysler Closings in Maine

By Courtney Ann Jackson-Talk Radio News Service

Sen. Olympia Snowe (R-Maine) discusses the effects of the GM and Chyrsler closings in Maine. She said people were going to stop buying American cars because they won't buy cars that they can't get serviced nearby. (1:00)
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McCain Believes GM and Chrysler Will Go Back Into Bankruptcy

By Courtney Ann Jackson-Talk Radio News Service

Senator John McCain (R-Ariz.) comments on how he believes it's "beyond belief" that the federal government is running General Motors and Chrysler. He said he believes they will go back into bankruptcy within 2 to 3 years. (0:25)
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Chrysler Dealers Given 26 Days To Close Shop

Russell Whatley, a Chrysler dealer from Texas, testified before the Senate Committee on Commerce, Science, and Transportation that he was given 26 days by Chrysler to sell his inventory. He went on to comment that such an action would be impossible (0:28)
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Obama: A New And Stronger Chrysler Underway

By Michael Combier-Talk Radio News Service

At a press conference this morning, President Barack Obama announced that 31 days after having filled Chapter 11 bankruptcy, a new Chrysler will emerge in the coming days. President Obama added that bankruptcy has been the best solution for the auto maker and that the American people have been comforted by "this extraordinary commitment to stand behind a quick bankruptcy process." (1:15)
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No auto bailout is right decision

Brett Littlefield, Director of Communications at the American Conservative Union, believes the Senate made the right decision in not passing the automobile bailout package. (0:22)
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Chrysler President: "I flew Southwest to come here, I took the train from Philadelphia to Washington"

Jim Press, President and Vice Chairman of Chrysler LLC defends the integrity of his company. (0:52)
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Chamber of Commerce stance on the TARP

U.S. Chamber of Commerce Executive Vice President and Chief Operating Officer David Chavern expresses the USCC's stance on the current TARP financing being proposed by Congress for the auto industry.
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