Detailed text transcripts for TV channel - FOXNEWS - 20100719:20:35:00
Came back with highly accelerated termination schedules use bankruptcy to get around laws to close more than 2,000 dealers. basically what our audit did was look into the decision-making for that process and found, one, they didn't do the necessary diligence or review to make the determines it would be necessary for the auto companies 0 ongoing viability for them to have to accelerate the terminations and second, they didn't consider the broader economic impact, the fact potential 100,000 jobs could be in jeopardy and 2,000 businesses shut. >> neil: they turned it around. one at a time, the pr...
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