Hoyer Statement on GM Decision Letting Binding Arbitration Process Continue

For Immediate Release:

January 26, 2010

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) released the following statement today on the decision by General Motors not to challenge the binding arbitration process for terminated dealers:
 
“I am very pleased that General Motors has decided not to challenge the binding arbitration process for terminated dealers.  With this decision, GM Chairman and CEO Ed Whitacre has demonstrated GM’s commitment to having the strongest possible dealer network.  It is also a recognition that GM must solidify that network as soon as possible so it can return to profitability and keep Americans on the job.  It is my hope that Chrysler will follow GM’s lead.”
 
###