Pharma Investments, Ventures & Law Weekly
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Pennsylvania Auto Dealers Put Local Face on Need for Automaker Loans
December 28th, 2008
New car and truck dealers from across the country traveled to Washington today to meet with members of Congress to urge support for financial assistance for struggling automakers. The auto industry, including dealers, has been facing difficult times because of a significant slump in sales caused by the economic downturn and the credit crunch. Locally, this unprecedented crisis has already hurt small business owners that provide goods and services to dealerships as well as the many cities and towns which depend on auto sales for tax revenue. "Inaction by Congress would devastate not only the manufacturers but dealers and the economies of 'Main Streets' across America....
Source: Pharma Investments, Ventures & Law Weekly (2008-12-28)
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