General Motors Corporation

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IN THE MATTER OF GENERAL MOTORS CORPORATION, ET AL.

CONSENT ORDER, ETC., IN REGARD TO ALLEGED VIOLATION OF SEe. 5 OF THE FEDERAL TRADE COMMISSION ACT 7, 1980 Doket 9071;. Complaint* Feb. 10, 1976-Decision, July Inc. This consent order requires, among other things, Chuck Olson Chevrolet, (Olson), an Oregon Motor vehicle dealer with its principal place of business located in Seattle, Wash., to adopt and adhere to "Repossession Accounting Procedures" maintained by General Motors Corporation; furnish all appropriate supervisory personnel with a copy of the procedures; and establish to the reasonable satisfaction of the Commission that it has paid all surpluses realized on repossessed vehicles returned by financing institutions other than General Motors Acceptance Corporation (GMAC) since February 10, 1973. (Surpluses generated from Olson vehicles which have been repossessed by GMAC must be paid by GMAC.) Appearances For the Commission: Randall H Brook, Ivan L. Orton and Dean A. Fournier.

For the respondents: Robert St. Louis, Aiken, St. Louis Siljeg, Seattle, Wash.

DECISION AND ORDER The Commission having heretofore issued its complaint charging the respondents named in the caption hereof with violation of Section 5 of the Federal Trade Commission Act, as amended, and the respondents having been served with a copy of that complaint together with a proposed form of order; and Respondent Chuck Olson Chevrolet, Inc., its attorney, and counsel for the Commission having thereafter executed an agreement containing a consent order, an admission by said respondent as to the Commission s jurisdiction, a statement that the signing of said agreement is for settlement purposes only and does not constitute an admission by respondent that the law has been violated as alleged in the complaint, and waivers and other provisions in accordance with the Commission s Rules; and The Secretary of the Commission having thereafter, in accordance . Complaint previousiy published at95 F. C. 82. Decision and Order 96 F. T. with Section 3.25(c) of its Rules, withdrawn this matter from adjudication as to Chuck Olson Chevrolet, Inc.; and The Commission having considered the matter and having thereupon accepted the executed consent agreement and placed such ageement on the public record for a period of sixty (60) days, now in further conformity with the procedure prescribed in Section 3.25(1) of its Rules, the Commission hereby makes the following jurisdictional findings and enters the following order: 1. Respondent Chuck Olson Chevrolet, Inc. is an Oregon corporation with its offce and principal place of business located at 17545 L rora Ave. North, Seattle, Washington.

2. The Federal Trade Commission has jurisdiction of the subject matter of this proceeding as to Chuck Olson Chevrolet, Inc., and of said respondent, and the proceeding is in the public interest. ORDER It is ordered That respondent Chuck Olson Chevrolet, Inc. , a corporation, and its successors, assigns, officers, agents, representatives and employees, and any corporation, subsidiary, division or device through which they act directly or indirectly (including Viking Service Corporation doing business as Olson Triumph), shall forthwith (A) adopt and adhere to the "Repossession Accounting Procedures" maintained by General Motors Corporation pursuant to the disposition of Docket 9074 as to General Motors Corporation, and (B) deliver a copy of the Repossession Accounting Procedures to all appropriate supervisory personnel.

II.

It L. further ordered, That respondent shall, no later than 60 days after service of this Order:

A. Establish to the reasonable satisfaction of the Commission that all surpluses (if any) generated from repossessed vehicles returned to respondent by financing institutions other than General Motors Acceptance Corporation between February 10, 1973 and the date of service of this Order have been paid. B. File with the Commission a written report setting forth in detail the manner and form in which it has complied with this Order.

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U'_U.A- Decision and Order II.

It is further ordered, That respondent notify the Commission at least 30 days prior to any dissolution or other proposed change in the corporate respondent (such as assignment or sale resulting in the emergence of a successor corporation or corporations), or any other corporate change (including the creation or dissolution of subsidiaries) which may affect compliance obligations arising out of this Order.

Modifying Order 96 F.