WANADA Dealer Briefing on Chrysler and GM Bankruptcies and Industry Turmoil Draws Dealers of All Brands
In the fray and swirl of the auto industry turmoil, WANADA sponsored a member briefing this week with auto dealer lawyer Mike Charapp, bankruptcy lawyer Jason Gold and NADA chief counsel Andy Koblenz to discuss the works in progress of the Chrysler and General Motors bankruptcies in the context of an auto industry in the throes of recession.
WANADA Chairman Tamara Darvish opened the Briefing with a perspective report from her position on the Unsecured Creditors Committee to the court proceedings on the Chrysler bankruptcy.
WANADA dealers of all lines were in attendance to hear the latest developments in the bankruptcies and their impact on dealers which each automaker is terminating, no less than those invited to continue on. While the circumstances of each OEM bankruptcy are unique, many of the manufacturer/dealer relations issues are on common ground with important lessons and alerts for all dealers.
Mike Charapp, who heads the National Association of Dealer Counsel and has been substantially engaged in the Chrysler and GM reorganizations from the dealers standpoint, chaired the briefing panel which fielded a wide gamut of dealer questions in the hour-long briefing which ran nearly two.
WANADA is grateful to Messrs. Charapp, Gold and Koblenz for a well constructed, timely and useful briefing.
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