(Squire Sanders represented the Committee of Chrysler Affected Dealers in the Chrysler bankruptcy cases)
The “rationalization”—read, reduction—of Chrysler and GM’s dealership networks has taken center stage in their respective government-led restructurings. In total, just under 800 Chrysler dealers have had their franchise and related agreements formally rejected under bankruptcy law, while approximately 2,000 GM dealers have either experienced a similar fate or they have entered into “wind-down” agreements allowing them to continue operating through October 2010.
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