Update 2: Chrysler sale on hold for appeals court ruling: Video Update: GM, Chrysler Execs and more importantly Dealers themselves on the same panel, on the Hill now..

Update 2: Via Gabriel Malor at AceHQ, there is an appeal on the request for a stay of the sale, of standing, and of a removal to a court of general jurisdiction, the full scoop here…

…The sale hearing was supposed to happen tomorrow, but it’s now on hold while the Second Circuit Court of Appeals takes a stab at the stay motion. The oral argument at the appeals court will now be on Friday. What happens next will largely depend on how the court rules. Earlier, the bankruptcy judge stated that his breakneak pace is because Chrysler is losing $100 million a day while it waits on the sale….

Video Update courtesy of the lady herself:

must see if you can CSPAN should have it

also on FOXBusiness live now..

Jim Press Chrysler President is a lying liar obfuscator of facts, evader and wielder of vague generalities and the dealers on the panel with him have made that abundantly clear..Press claims he has a log showing chrysler contacted every single dealer, the dealer on the end of the table says he  has been contacted exactly once June 2 after Sen Hutchison called Chrysler for him…

I say they are lying , obfuscating  facts, evading and wielding of vague generalities, these execs b/c they wont give ANY detailed explanation of metrics used to shut these dealers down, they just keep saying the auto task force was not involved at all, I call BS….ohh Fritz is getting nailed down on how much Car Czar team knew and when.

AHA now it comes Fritz was told on March 31st that they were too slow and Not Aggressive enough, uh huh, see they WERE involved, oh ches….aHA Rattner and Bloom…they cant say how much money it will save to close these dealers down….that was Sen Mike Johanns R-NE asking great questions!

Sen Hutchinson says a NEW dealer will have to be setup in Waco TX b/c all three of them were closed down…

Now Fritz says there was no cost benefit analysis done?? WTF? WTF? No cost benefit analysis of location by location, Chrysler too! wth?!

Press says only non performing dealers are closed, dealer says one guy in WVA who gets to stay open only sold 19 cars last year and has his ‘dealership’ on his front lawn, while he has been closed…

this is the last best chance these dealers have..

Sen Kay Bailey Hutchinson has their back and made Press look like the liar obfuscator he is in her sweet TX way

Amy Klobuchar is taking Press to task now for her MN dealers…

This one Chrsyler dealer his grandfather opened his dealership in 1918, kept it open thru wwii depression etc and is profitable…

unreal!!

check it out, will get clips up as theya re available…

June 3, 2009. Tags: , , , , , , , , , . Big 3, Economy, Finance, Obama Administration, Politics. Comments off.

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