El Paso-centric info and commentary from the Center of North America

NPT Biz: Chrysler dealers on the chopping block?

Someone sent NPT a link and a note that there are three Chrysler Dealers in town: Mack Massey, Viva Chrysler, and Dick Poe Chrysler.

Here’s the story: AP Source: Chrysler to cut 800 dealers on Thursday:

DETROIT – Chrysler LLC plans to fire up to 800 of its 3,200 dealers on Thursday, a lawyer seeking to represent the dealers said on a conference call.

The lawyer, Stephen Lerner, who heads the bankruptcy and restructuring practice of the law firm Squire Sanders, told dealers on the Tuesday call that the automaker plans to reject at least 800 franchise agreements, according to a dealer who listened to the call.

Chrysler will file a list of dealers it wants to retain with the U.S. bankruptcy court, said the dealer, who asked not to be identified because the call was confidential.

A Chrysler spokeswoman said Tuesday that the automaker is working to reduce the number of dealerships along with other restructuring actions. Spokeswoman Kathy Graham said the 800 number was just speculation.


Written by newspapertreeelpaso

May 13, 2009 at 12:47 pm

Posted in Uncategorized

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