January 30, 2012 in News, USA

Take this as a good sign, today 41 US dealers asked a judge for Chapter 11 protection which would allow them greater involvement in a liquidation and to preserve whatever structure they can in case a bid for the entire company is accepted. Automotive News published an article today explaining the situation with quotes from the dealer group's attorney Leonard Bellavia. He is representing 162 of the 188 US dealers in the bankruptcy proceedings.