General Motors Co. and Chrysler Group LCC will reconsider decisions to close thousands of dealerships as part of a compromise meant to stave off federal legislation that would require them to keep the showrooms open.
Just how many dealers could stay open remains unclear and neither company made any specific commitments or estimates. Dealers involved in negotiations with both companies also said it is likely that only a handful closed dealerships will get a new lease on life from the review.
The plans of GM and Chrysler Group LLC call for face-to-face reviews with dealerships and binding arbitration for those who challenge closure of their showrooms. Chrysler said its review process would start Thursday while GM said talks with dealers would begin in mid-January.