GM may face dealers in court


The biggest road block to a quick restructuring of GM (GM) in a Chapter 11 filing may be its own dealers. Chrysler dealers are challenging that company's sale of assets. If their case gains momentum, it could disrupt GM's plan to quickly sell off its assets.

According to Reuters, "Some auto dealers that Chrysler LLC plans to close are beginning a challenge to the automaker's plans to quickly sell itself in bankruptcy." GM is hoping to be able to sell its most healthy businesses to the U.S. government within weeks of going into court with a restructuring plan.