Hutchison creates amendment for dealerships affected by Chrysler bankruptcy - Houston Business Journal:

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Last week, a list of 789 dealerships that it planne to eliminate as part of theDetroi automaker’s bankruptcy filing. Of the dealerships on the list, 50 were in Texas. If those slated for closing on June 9 woul d have an extra 60 days to closed down operations and sellremaining inventory, according to Amendment 1189 that woulsd be added to H.R. 2346. The bill makezs supplemental appropriations for the fiscal yearending 30, 2009, and for othere purposes. Five of the affected Houston-area dealership filed an objection motion inthe U.S. Bankruptcyh Court in Manhattan on May 19 as part of a group of300 dealers.
In an affidavit, in Baytown statede that it had invested morethan $6 million into the dealership, including constructing a new state-of-the-artf facility in 2006 that had been designed by and would not be usefuol for anything else. The facility was appraised at $3.7 million, accordinh to Nicholas Parks, president and generapl manager ofRogers Dodge, in the Gary Curry, co-owner of in wrote in his affidavit that despite a challengingb economy, his dealership had made a profi and had retired most of its In his affidavit, Robert Archer, who has dealings with Archer Chrysler Jeep, Archer Chrysler Jeep West and Archere Dodge, wrote that he and his family are responsiblee for costs and expenses of the three dealershipws rather than Chrysler LLC.
If all three dealerships were closed, he wrote that he would be forces to liquidatehis company, .