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Old 05-13-2009, 02:26 AM   #1
AVANTI R5
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Default AP Source: Chrysler to cut 800 dealers on Thursday

Quote:
DETROIT A Chrysler dealer says the automaker will tell at least 800 of its 3,200 dealers on Thursday that they have been fired.

The dealer listened to a conference call Tuesday held by lawyers who want to represent the dealers whose franchise agreements will be rejected.

The dealer did not want to be identified because the call was confidential. But he says a lawyer from the firm Squire Sanders out of Cincinnati told dealers that Chrysler will ask a bankruptcy judge to reject the franchises.

Chrysler, which has received $4 billion in government loans, has filed for Chapter 11 bankruptcy protection in New York
http://news.yahoo.com/s/ap/20090512/...sler_dealers_1
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Old 05-13-2009, 09:30 PM   #2
424wrx
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i saw that gm is cutting like 2000 dealers on thursday also.
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Old 05-13-2009, 09:43 PM   #3
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ouch :'(
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Old 05-14-2009, 10:27 AM   #4
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So what happens to their inventories? Consolidated into other dealers or put in big parking lots? I can't imagine being a dealer and having X number of cars 'forced' on me, but the courts are going to want the cashflow. Any way to spin this into a nice new Viper for around 50K?
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Old 05-14-2009, 10:33 AM   #5
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Good riddens.
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Old 05-14-2009, 11:06 AM   #6
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Woot! Got the call this morning, we're no longer a Chrysler dealer.

Thank god, maybe now we can start making some money.
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Old 05-14-2009, 11:29 AM   #7
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they need to get rid of at least 1/2 of their dealers....

it a 10 square mile area where i live i can think of 7 chevy dealers and 6 chrylser dealers... why in gods name do you need that many.
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Old 05-14-2009, 11:37 AM   #8
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There is a PDF up on TTAC on the actual list like 10-15 in MD closing.
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Old 05-14-2009, 12:10 PM   #9
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Last edited by DILLIGAF Racing; 05-14-2009 at 12:35 PM.
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Old 05-14-2009, 01:16 PM   #10
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Quote:
Originally Posted by WhiteKnightSTi View Post
Woot! Got the call this morning, we're no longer a Chrysler dealer.

Thank god, maybe now we can start making some money.
So what will you guys be changing to?
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Old 05-14-2009, 01:21 PM   #11
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Quote:
Originally Posted by aren040 View Post
So what will you guys be changing to?
We're just going to stick to selling used cars (which we've been doing for the last 40 years). To be honest we're glad to be rid of Chrysler, aside from selling the occasional T&C nothing they make is worth keeping on the lot.
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Old 05-14-2009, 07:41 PM   #12
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what the hell will they do with all those inventories on the dealer lots?? they cant even sell the autos that are piled up at the factories now.
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Old 05-14-2009, 07:44 PM   #13
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chrysler is ****ed. i'm still pissed they got money from the gov't because everyone knew that company was ****ed before they filed chapter 11.
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Old 05-14-2009, 08:31 PM   #14
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Sure, but its all about paying back your campaign contributors...

"heres 8 billion for your troubles, and don't worry about paying it back"
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