It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Chrysler plans to close 789 dealerships

page: 1
3

log in

join
share:

posted on Apr, 25 2010 @ 02:45 AM
link   

Chrysler plans to close 789 dealerships


english.china.com

CHICAGO, May 14 (Xinhua) -- Chrysler has told a bankruptcy court it plans to eliminate 789 of its dealers nationwide as part of a government mandated effort to restructure its failing business, it is reported here Thursday.

In a document filed in federal bankruptcy court in New York, the company posted names of the dealers that have been targeted. They include Currie Motors of Forest Park, Ed Napleton Dodge in Westmont, Arlington Chrysler and Jeep Dodge.
(visit the link for the full news article)




posted on Apr, 25 2010 @ 02:45 AM
link   

The automaker now has about 3,200 dealers across the United States. It wants to have stronger, more profitable dealers with better facilities. Chrysler spokeswoman Kathy Graham was quoted as saying that the company will notify specific dealers before commenting publicly.



The automaker now has about 3,200 dealers across the United States. It wants to have stronger, more profitable dealers with better facilities. Chrysler spokeswoman Kathy Graham was quoted as saying that the company will notify specific dealers before commenting publicly.


Not only Chrysler but General Motors:


Chrysler dealerships are not the only ones scheduled to get bad news this week. It is reported that General Motors Corp., the biggest U.S. auto maker, is notifying 1,100 dealers that it will not renew their franchise agreements when they expire at the end of September of 2010.


english.china.com
(visit the link for the full news article)



posted on Apr, 25 2010 @ 02:54 AM
link   
reply to post by plumranch
 


This is the result of TARP where Obama propped up businesses arbitrarily rather than letting them go into bankruptcy and letting natural processes occur.

Bankruptcy for Chrysler and General Motors would have been much better for both the companies and the government!

Obama, however, wanted to save the unions at the taxpayer's expense. Now the 20 billion dollar unfunded union retirement fund will be funded by the taxpayers!



posted on Apr, 25 2010 @ 02:54 AM
link   
reply to post by plumranch
 


This article is from last year. You may have already known that, but I just wanted to state it for those who do not know and think that this is breaking news. Carry on.


FYI Obama was sworn in on Jan 20th last year, he was only president for less than 4 months at the time of this article, less than that at the time of this decision.

[edit on 25-4-2010 by space cadet]



posted on Apr, 25 2010 @ 02:56 AM
link   
reply to post by plumranch
 


Great tech but GM Government Motors is making tons of Cash off of the Chinese!


Who needs K cars?



posted on Apr, 25 2010 @ 03:10 AM
link   
B....b....b....b...but I love Dodge.

Come on, Mopar! You can beat this, I know you can.



new topics

top topics
 
3

log in

join