When GM announced nearly 2,000 dealer closures last year, the CRDR was created to lobby Congress to to invalidate the move. When that didn't work, the CRDR was able to get an arbitration law passed that gave dealers an opening to reinstatement. Of the 1,350 dealers marked for death, 1,160 took the opportunity for arbitration. Of that 1,160, there were 661 retroactively reinstated. However, of that 661, none include seven of the ten dealerships owned by Darvish, Fitzgerald and Spitzer that were slated to close.
GM has left the door ajar yet, saying that the remaining 499 dealers can contact the automaker for reinstatement or compensation and "GM would consider it." It is surely the path that the three leaders of the CRDR will take, but from this vantage point it looks like there might not be a pot of gold at the end of it.
[Source: Automotive News – sub. req'd. | Image: Mark Ralston/Getty]