145
145
Jun 7, 2009
06/09
by
CSPAN
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mr. wattly and mr. lopez, what brands do you sell, mr. wattly? >> chrysler, dodge and jeep. >> and mr. lopez? >> chrysler, dodge and jeep, chevrolet, pontiac and buick. >> okay. and mr. mceleney, is it mceleney? >> yes, that's correct. >> could you give me what percentage of your dealers in your association are multipoints across manufacturers? >> i'm not sure i can answer that. i can tell you, for example, 45% of the toyota dealers also have general motors franchises for one example. the average dealer has roughly two dealerships on average. >> in my former life, my first husband and his family had car dealerships. so i know a little bit about that. we had pontiac, bmw and chevrolet. and i know a little bit about the car business and under capitalization and the problems and struggles and i know the ongoing fights between the mothership and the dealers. there have been lots and lots of battles over the years. i understand the passion and the pain here. i think we vall to acknowledge that these companies are broke and they're not going to succeed unless they get smaller. we got to figu
mr. wattly and mr. lopez, what brands do you sell, mr. wattly? >> chrysler, dodge and jeep. >> and mr. lopez? >> chrysler, dodge and jeep, chevrolet, pontiac and buick. >> okay. and mr. mceleney, is it mceleney? >> yes, that's correct. >> could you give me what percentage of your dealers in your association are multipoints across manufacturers? >> i'm not sure i can answer that. i can tell you, for example, 45% of the toyota dealers also have general...
226
226
Jun 5, 2009
06/09
by
CSPAN2
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mr. wattly and mr. lopez, but also from other dealers.they have not heard this, they don't have a comfort level that they're going to be taken out. so many of these dealers, i am told, are selling at fire sale prices to the surviving dealers and that's not right. and when we left here ten days ago, i thought that was going to be avoided because of your commitment to work with the dealers. so there really is a disconnect that i want to connect right now. why don't they and others know that they don't have to sell at fire sale prices, not parts, not specialized equipment, not inventory? >> i know only mr. lopez's situation. i don't know about mr. wattly. but we have had communications with the dealers. and offered them the opportunity to enlist our assistance in the redistribution process. the majority of the dealers signed an agreement allowing us to do that. a small number of dealers have not. they're preserving their effort through a legal effort to stop this process. we went ahead and got commitments for their inventory anyway. as soon
mr. wattly and mr. lopez, but also from other dealers.they have not heard this, they don't have a comfort level that they're going to be taken out. so many of these dealers, i am told, are selling at fire sale prices to the surviving dealers and that's not right. and when we left here ten days ago, i thought that was going to be avoided because of your commitment to work with the dealers. so there really is a disconnect that i want to connect right now. why don't they and others know that they...
185
185
Jun 5, 2009
06/09
by
CSPAN2
tv
eye 185
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quote 0
mr. wattly and mr. lopez, what brands do you sell, mr. wattly? >> chrysler, dodge and jeep. >> and mr. lopez? >> chrysler, dodge and jeep, chevrolet, pontiac and buick. >> okay. and mr. mceleney, is it mceleney? >> yes, that's correct. >> could you give me what percentage of your dealers in your association are multipoints across manufacturers? >> i'm not sure i can answer that. i can tell you, for example, 45% of the toyota dealers also have general motors franchises for one example. the average dealer has roughly two dealerships on average. >> in my former life, my first husband and his family had car dealerships. so i know a little bit about that. we had pontiac, bmw and chevrolet. and i know a little bit about 'br and -- it talked about the budget for the old company. what troubles me in there, there is an acknowledgement there may be up to 15 employees of old chrysler working on this bankruptcy and there is a pool in this budget of up to $20 million for bonuses. i can't imagine what kind of kick in the gut that would be if we were to learn in the next two weeks that some of the ol
mr. wattly and mr. lopez, what brands do you sell, mr. wattly? >> chrysler, dodge and jeep. >> and mr. lopez? >> chrysler, dodge and jeep, chevrolet, pontiac and buick. >> okay. and mr. mceleney, is it mceleney? >> yes, that's correct. >> could you give me what percentage of your dealers in your association are multipoints across manufacturers? >> i'm not sure i can answer that. i can tell you, for example, 45% of the toyota dealers also have general...