bankruptcy proceedings

GM, Chrysler: Slashing Dealerships Is Necessary

NPR Programs: Morning Edition  Thu, 06/04/2009 - 3:20am

General Motors and Chrysler say they need to trim their network of franchises so when they emerge from bankruptcy proceedings they will be successful.

In a Senate hearing Wednesday, lawmakers questioned whether the companies are abandoning the loyal dealerships and consumers who have supported them.

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Chrysler Restructuring Moving Quickly

NPR Programs: Morning Edition  Tue, 05/26/2009 - 3:10am

The Chrysler bankruptcy proceedings have been moving quickly and smoothly. In fact, the automaker has a hearing Wednesday that could help a new, healthier version of the company emerge from court next month.

But some legal scholars say the rights of people who loaned Chrysler money have been trampled in the process.

NPR's Frank Langfitt reports.