SB 548

Abstract

Amends the Motor Vehicle Franchise Act. Provides that in the case of entire engine assemblies and entire transmission assemblies, the motor vehicle franchiser shall reimburse the motor vehicle franchisee in the amount of 75% (instead of 30%) of what the motor vehicle franchisee would have paid the motor vehicle franchiser for the assembly if the assembly had not been supplied by the franchiser other than by the sale of that assembly to the motor vehicle franchisee. Requires a franchiser that enters into an agreement with its franchisees seeking to recover its costs from franchisees that are receiving their "prevailing retail price charge by that dealer" to meet certain requirements. Requires a franchiser that contracts with its Illinois dealers to meet certain requirements. Adds provisions concerning how a franchiser recovers costs from franchisees when there is an express written contract for a uniform warranty reimbursement policy. Makes other changes.