Texas AG files objections to GM's dealership plans
June 16, 2009
Texas Attorney General Greg Abbott has Texas-size problems with General Motors Corp.'s plans for its car dealerships after bankruptcy.
Written by ERIC TORBENSON , Dallas Morning News
Texas Attorney General Greg Abbott has Texas-size problems with General Motors Corp.'s plans for its car dealerships after bankruptcy. Abbott filed objections Friday in federal bankruptcy court that say GM would violate Texas laws regulating dealer competition GM filed for Chapter 11 protection on June 1 and hopes to emerge from bankruptcy as a new company in 60 to 90 days. Abbott's concerns will be considered at a hearing June 30. Abbott said his concerns relate to GM's proposed dealership agreements, which dealers must sign to keep selling GM cars. He contends the new agreements avoid Texas franchise laws, limit dealers' ability to sell other types of cars, overrule current laws on where dealers can be located and limit warranty claims under current Texas law. There are 415 franchised GM dealers in Texas.
Fair Use Notice
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a "fair use" of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond "fair use", you must obtain permission from the copyright owner.