In December, Mike Hamzey Jr., vice president and legal counsel for R.M. Wright Co. in Farmington Hills, MI, told MDM that bankruptcy (of the automakers) is probably the worst thing that could happen right now.”
Fast-forward to the present day and the first of the Big Three has gone that way, with Chrysler LLC filing for bankruptcy protection on Thursday. But with it, Hamzey’s tune has changed a little, as well. “We’ve had the last five months to prepare ourselves for the real possibility,” Hamzey tells me today. “Because of that and some of the other changes that have come in that time, it’s not as bad as it could have been back in …
Chrysler Bankruptcy: What It Means to Distributors
In December, Mike Hamzey Jr., vice president and legal counsel for R.M. Wright Co. in Farmington Hills, MI, told MDM that bankruptcy (of the automakers) is probably the worst thing that could happen right now.”
Fast-forward to the present day and the first of the Big Three has gone that way, with Chrysler LLC filing for bankruptcy protection on Thursday. But with it, Hamzey’s tune has changed a little, as well. “We’ve had the last five months to prepare ourselves for the real possibility,” Hamzey tells me today. “Because of that and some of the other changes that have come in that time, it’s not as bad as it could have been back in …
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