Thomas Motors of Moberly is the First Missouri Dealership to Win General Motors Arbitration Decision
In June, 2009, General Motors filed for bankruptcy and sent wind-down agreements to approximately 2000 dealerships, including Thomas Motors. Congress allowed those dealerships to appeal GM’s decision through binding arbitration proceedings. The arbitration began on May 4, 2010, and lasted three days. Arbitration is a legal technique for resolving disputes outside of the court system. It is a settlement process by which the case is tried to a third party, the arbitrator, who reviews the case and issues a decision that is legally binding for both parties. During the arbitration hearing, Attorney Rex Gump called on local leaders to testify in support of Thomas Motors and to testify about the economic impact the local dealership has on the Moberly area economy. Those leaders included Moberly City Manager Andy Morris, Randolph County Commissioner Wayne Wilcox, Moberly Area Economic Development President Corey Mehaffy and area businessman Chas Wheeler. The arbitrator, Bob Russell of Sedalia, issued the decision on May 17, 2010, allowing Thomas Motors, Inc. of Moberly to retain its General Motors franchise. On Monday, May 21, 2010, GM issued its letter of intent to Thomas Motors, paving the way for the dealership to renew its franchise agreement and to continue to serve the area with the sale and servicing of new General Motors vehicles. Thomas Motors’ owner, Donnie Thomas, stated: “We are pleased with the outcome of the arbitration hearing and are looking forward to serving the Moberly area for a very long time.” Attorney Rex Gump has been in practice 34 years. He stated, “It is a very interesting process, and I am extremely pleased that Thomas Motors will be allowed to develop into a flagship GM dealership, as I am certain it will.” Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
| Contact ArtiLib| Privacy Policy| Terms of Service |