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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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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Cheney VS GM Bankruptcy Protection

Former Vice President Dick Cheney explains why he does not perceive the help GM will receive as the best solution to overcome and recover from the financial crisis. Amongst other reasons, Cheney says that going through the chapter 11 process which allows for the reorganization of a firm might be a good way to start over. (1:02)
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Obama: Difficult Days Ahead For Auto Industry

By Michael Combier-Talk Radio News Service

President Barack Obama announced today that even though 400,000 jobs have been lost before this restructure of General Motors has begun, more will come in the future, more plants will close and more dealerships will shut their doors. (1:12)
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Obama Administration Has No Interest In Running General Motors

By Michael Combier-Talk Radio News Service

President Barack Obama announced that even though the federal government will invest $30 billion to restructure the new General Motors, his administration has no interest in running GM which will be run by a private board of directors and a team of management. With this investment, the American taxpayers will own 60 percent of the new GM. (2:24)
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Obama: A Tough But Fair Plan For GM Stakeholders

Announcing the bankruptcy of General Motors, President Barack Obama detailed the cuts made by the United Auto Workers on health care benefits, of GM shareholders and of unsecured bondholders in order to prevent a liquidation of the auto maker. (1:20)
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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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Congressman Kanjorski wants specifics from auto industry

In a hearing on a bailout for the auto industry before the House Financial Services Committee, Congressman Paul Kanjorski (D-Penn.) asks Richard Wagoner Jr., chairman and CEO of General Motors, for the specific amount of money needed by GM and how long GM can last without government aid. Kanjorski says he wants the numbers so that Congress can take the appropriate amount of time to weigh whether or not to give the money. Wagoner gives vague answers, and Kanjorski presses him for more specifics. (2:46)
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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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