Thursday, May 14, 2009

Chrysler Closing Almost 800 Dealerships

The list came out today of dealerships that Chrysler wants to close, filed in a motion in Bankruptcy Court. They have about 3,200 dealerships but they plan to close 789 of them (39 in my home state of Michigan). That's about 25%. The planned date to have them closed by is June 9th. That's only a few weeks away. The court has to approve Chrysler's motion still, which is slated for June 3. Because of that, I've seen it written that some dealerships, who received the letter today telling them whether their dealership would be closed or not, are only considering this a temporary list.

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