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Mon May 18, 2009
Nader: Automaker restructuring needs more scrutiny
New York , NY – NEW YORK (AP)
Ralph Nader is calling on Congress to hold hearings into dealership and factory closures at automakers Chrysler LLC and General Motors Corp.
The consumer activist and former presidential candidate sent a letter Monday to Sen. Chris Dodd and Rep. Barney Frank saying Congress should take a more active role overseeing the automakers' restructuring before "irreversible measures" are taken.
The restructuring has so far been led by the autos task force, a group of advisers appointed by President Barack Obama.
Chrysler told 800 dealerships last week it will terminate their
franchise agreements. GM told 1,100 dealerships it will not renew
their contracts next year. The automakers are also laying off
workers, closing factories and cutting models.