mr. keikenapp that chance if you could ask a question here today, what would that question be? and [laughter] if you don't recall -- >> i think what is frustrating is that we are a very good dealership and we have done a good job and there's other dealerships that surround us and that have lost financing but don't have the ability to buy cars. we all all of our cars all right. we didn't have a financing problem. and now there's dealerships within gm and chrysler that don't have the ability to finance their vehicle so. they are now having to get bailed out by the small business administration and it's frustrating. i think there's probably some things i might have said that created frustration with the factory and i think it cost us these jobs. but i think that we have done a great job and i know that within tacoma we are applying for that point, and i just hope they take a look at us because i feel we are the dealer and if we were to have conversations with them in regards to mabey moving the point to someone else we will do what ever it takes. i believe in the product. i believ

the wellhead, mr. keikenapp. you can't ask a question but if you have got a statement, the head. >> no. >> you can ask questions, sorry. mr. henderson, let me ask this. did you have a conference call on june 10 with gm executive retirees? >> yes. >> two days ago. >> yes. >> was a statement made along these lines, i don't have it exactly, that no executive level gm retiree will receive retirement benefit package more than $100,000 at the direction of the treasury department or the auto task force? >> the discussion had to do with pensions that applied to executives nonqualified plans as part of the total number of liabilities one of which was that there were six liabilities that were on funded and unsecured, and part of our bankruptcy filing the purchased sale agreement suggested we would have to reduce the total amount of the liabilities by two-thirds. the management had the responsibility to allocate the two-thirds reduction so as part of doing that we identified a plan with respect to the salary, excuse me, exe

the wellhead, mr. keikenapp. you can't ask a question but if you have got a statement, the head. >> no. >> you can ask questions, sorry. mr. henderson, let me ask this. did you have a conference call on june 10 with gm executive retirees? >> yes. >> two days ago. >> yes. >> was a statement made along these lines, i don't have it exactly, that no executive level gm retiree will receive retirement benefit package more than $100,000 at the direction of the treasury department or the auto task force? >> the discussion had to do with pensions that applied to executives nonqualified plans as part of the total number of liabilities one of which was that there were six liabilities that were on funded

keikenapp said, we want for chrysler and gm to be a success because it is linked to our work communities and jobs and the food it puts on the tables of the people we are honored to represent and so it's painful for us to be here and in this position but the payment that we feel listening to this is nothing compared to what we have heard displayed here on the folks losing their dealerships and i want to thank all of you that came here today to put a human face and perspective about cost of what is going on on this major problem so thank you for coming and mr. chairman, thank you for holding this hearing. we do want you to be successful. >> thanks, and that concludes all the questions from the members. i keep the hearings have been helpful since the senate hearing we have a process with general motors to help some of the steelers and there is gm and the auto dealers association working together to try to do some things i think that's positive and we have further explanations but we will continue to monitor this. there's the age 2743 sitting out there, g mack and others and it's been a long

. >> mr. keikenapp, were you on that call? >> yes, i was. >> are these quotes attributed to mr. press in the article, do you recall hearing that? >> yes i did. >> did you buy cars as a result? >> i did not. >> how about you, mr. spitzer? >> in some cases we bought them and some of the stores couldn't take them. >> after you and other dealers put up your own money to buy these cars in order to help out the company, you were shut down a few months later. now, let me ask you, mr. press, is this an accurate quote in the paper or do you deny saying this? >> it's accurate. >> it's accurate? so you get on the phone and ask your dealers to help you survive, you ask them to buy more cars and basically said you've got a good memory and you will remember the guys that helped you out and the guys that didn't. can you tell this committee that you didn't use that as one of your criteria to decide what dealers got -- if dealers said we take that as a threat and present and we are not going to buy additional cars would that be used to retaliate against the dealers? >> absolutely not tall in any