It is necessary to close many unprofitable GM and Chrysler dealerships and there is no reason taxpayers should prop them up; bankruptcy is the important mechanism that finally allows this restructuring despite the human cost to dealership owners.
normativepending
Speaker
Michael MungerEvidence Quote
“it's so important that they've been able to go into bankruptcy... the fact is we have to get rid of a bunch of these”
Source
Michael Munger on Franchising, Vertical Integration, and the Auto Industry 06/22/2009— EconTalkCreated: 6/17/2026, 10:31:26 AM
My Notes
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