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Chrysler Plans to Shut One Quarter of Its U.S. Dealers
DETROIT – Chrysler told about a quarter of its dealers on Thursday that they are being eliminated by June 9. Skip to next paragraph Related Your Money: The Pros and Cons of Buying a Chrysler Chrysler Bankruptcy Filings The carmaker, which filed for bankruptcy protection two weeks ago, sent letters to 789 of its 3,200 dealers revoking their franchises. It also filed a list of the dealers it is cutting in bankruptcy court Thursday. Chrysler said the “rejected dealers” accounted for 14 percent of its overall sales volume and that half of them sell fewer than 100 vehicles a year. Pennsylvania is the state losing the most dealerships, 53. Fifty are in Texas. About a fifth are in Michigan, Ohio,…
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