GM and Chrysler dealerships closing, restructuring and confidence

It has been an extremely busy time for GM and Chrysler of late with all of the news of dealership closures. We have previously reported news on questions and answers to do with the closing of dealerships which you can read more about here

Following on from the closures it makes it a buyer’s market if you want a Chrysler as the prices will plummet as previously mentioned.

President Obama is confident that General Motors will thrive following its reconstruction. This was reported by Fox News in a cable news interview with the US President.

It was also reported that the president wants to get out of the auto business although he failed to mention whether GM would have to enter into bankruptcy to complete the reorganization. Read the full article on Fox News.