Colorado joins objections to GM’s dealership plans
DENVER, Colorado – Colorado Attorney General John Suthers says he’s joining more than two dozen counterparts in other states in objecting to GM’s bid to modify its dealership agreements.
The objection filed Thursday in U.S. Bankruptcy Court in New York argues that General Motors Corp. is effectively forcing dealerships to substantially modify their agreements with the automaker or risk being dropped.
Suthers said Friday that GM shouldn’t force its dealerships to unfairly bear the burden for past mismanagement.
Suthers filed the objection on behalf of the Colorado Motor Vehicle Dealer Board.
GM is in Chapter 11 bankruptcy proceedings and is hoping to sell most of its assets to a new company.
Snow usually comes and goes in this part of the state. A forecasted storm is expected to stick around for a while. Forecasters are calling for snow to persist throughout the weekend in the high country, with a prospect of a couple of feet of powder by the time the storm starts to diminish on Monday.