As the big three continue their quest for the $34 billion bailout, Chrysler and GM are being pressured by lawmakers to revisit the possibility of merging. Edmunds is reporting that a number of dealers, suppliers and others staged a rally in favor of the merge this morning near the steps of the U.S. Capital.
Lawmakers argue that if Chrysler and GM do merge, they will require less federal aid and speed up industry consolidation. There is a chance a merger would be a condition if they receive federal aid.
Lemon Law Attorney Bob Silverman appeared on WYOU Interactive News Wednesday Night in Wilkes Barre, PA and discussed the bailout. While many folks are against the rescue plan, there is no question that a bankruptcy would not only continue to wreak havoc on our economy and add millions to those on the unemployment line, but also cause many more dealerships to close. These dealer closures are already leaving many drivers stranded, traveling hundreds of miles for warranty repairs, and waiting for inspection stickers and registration renewals. Next week, we will be providing tips on how to deal with the dealers during this difficult time.