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GORDON 
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: May 22 2009,14:43 |
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This one is making the rounds.
http://www.americanthinker.com/blog....er.html
Anyone know if it is legit?
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I don't give a fuck!
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: May 22 2009,16:15 |
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Dunno. But it's called "bankruptcy"
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It's not me, it's someone else.
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| Post Number: 3
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Mommy Dearest
Ask me about my TMD's.
Group: Privateers
Posts: 1396
Joined: May 2004
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Posted on: May 22 2009,17:27 |
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I googled it, it does exist
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: May 22 2009,22:10 |
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So is that allowed under the franchise agreement? If so, that was a bad thing to sign.
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Vidi Perfutui Veni
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Troy
Group: Privateers
Posts: 3857
Joined: Jun. 2004
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Posted on: May 23 2009,08:17 |
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So when the agreements with labor unions are/will be dissolved you guys are happy, but you are suprised when similar things happen to similar contracts the auto companies have?
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| Post Number: 7
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: May 23 2009,09:30 |
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I don't think I understand the nature of an franchised auto seller. Â I thought he had assets that were his to do with as he pleased even with a parent-company-bankruptcy.
Edited by GORDON on May 23 2009,09:30
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| Post Number: 8
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Cakedaddy
Group: "Members"
Posts: 6241
Joined: May 2004
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Posted on: May 23 2009,11:01 |
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I don't understand the "given to another dealship at no cost". What does that mean?
Sounds like any car he has on his lot is now an abandoned vehicle. Chrysler won't warrenty it?
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| Post Number: 9
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: May 23 2009,11:09 |
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Even if Chrysler won't, they still have value. I can't see how they could just be "given away" without any recompense to the owner. Assuming the franchisee is the owner. Again, I guess I don't know how auto franchises work.
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: May 23 2009,11:56 |
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Franchises are legal agreements with all sorts of conditions. Basically, what is happening is that Chrysler is saying: Company A, you can no longer be a franchise, we are breaking this legal agreement. Company B, we are now allow you to sell car X that Company A used to sell.
I'm assuming that the basic issues is that since Company A is no longer a franchise, it cannot do things that only franchises are allowed (the warranty work, the cashback rebates, etc) It still has whatever cars, and can sell them. And it can still do normal repair work, it just can't act on behalf or as a part of Chrysler.
I mean, sucks to be him, but maybe in those 35 years he should have done more to protect himself.
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It's not me, it's someone else.
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Vince
I make sweet, sweet love to my legally licenced copy of Microsoft Vista.
Group: Privateers
Posts: 5016
Joined: May 2004
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Posted on: May 23 2009,21:25 |
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I have to say that while I understand it, it's kind of bullshit. Not that the franchise can be yanked out from under him, but that he doesn't have any sort of protection dealing with warranties and such. They couldn't do that to a consumer. Seems like there should be some protection for the franchise owner to be covered with current inventory or something. On the automobiles themselves. Obviously the parts would be problematic.
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