Auto execs defend dealership cuts - WKOW 27: Madison, WI Breaking News, Weather and Sports

Auto execs defend dealership cuts

Thorstad Chevrolet in Madison Thorstad Chevrolet in Madison

WASHINGTON (WKOW) -- General Motors and Chrysler executives are back in Washington defending their decision to close hundreds of dealerships by the end of next year.

At Friday's House panel hearing, GM CEO Fritz Henderson said in prepared remarks the dealer cuts were "quite painful" but necessary to preserve over 200,000 jobs at the remaining dealerships.

The House panel is reviewing the closing of 789 Chrysler dealers and plans by GM to cut ties with around 1,350 locations, as part of their bankruptcy proceedings.

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