NADA Chairman Responds to the Chrysler Restructuring Plan


The following is a statement from John McEleney, chairman of the National Automobile Dealers Association, in response to the Chrysler restructuring plan:

“We are encouraged by Chrysler's restructuring plan. It's comprehensive and realistic and viable. The plan utilizes very conservative assumptions about auto sales over the next few years. What's most important, however, is that Chrysler recognizes that availability of credit for automotive consumers and dealers is the single most important element of Chrysler's viability. We look forward to working with Chrysler and the government to free up credit, both at the wholesale and retail level.”

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