Chrysler May Face $25,000 Daily Fine Under Colorado Rejected Dealer Law

7:20 am in Uncategorized by Keith Whann

The Colorado Senate has approved a bill imposing fines of up to $25,000 a day on Chrysler Group if it doesn’t comply with a new state law requiring dealer reinstatement under certain circumstances.  The Senate recently passed the dealer bill by a 35-0 vote.

Even if the legislation passes the House and is signed by Gov. Bill Ritter, however, its fate is unclear because Chrysler asked a U.S. Bankruptcy Court last month to block the dealer reinstatement law, which was enacted in March.  The House has until its May 12 recess to decide whether to pass the Bill and send it to the governor for final approval.