U.S. automaker Chrysler wants to eliminate 789 dealerships

From Wikinews, the free news source you can write!
Jump to navigation Jump to search

Thursday, May 14, 2009

2008–09 financial crisis



More articles about the 2008-09 financial crisis on Wikinews:

American automobile manufacturer Chrysler LLC has said that it wants to eliminate 789, or about a quarter, of its 3,200 dealers by early June. In a bankruptcy court filing on Thursday, the firm stated its network has too many dealers competing between each other and is antiquated.

A June 3 hearing has been scheduled in the US Bankruptcy Court to determine whether the move should be approved.

"This is a difficult day for us and not a day anybody can be prepared for," said Jim Press, the Vice Chairman of Chrysler.

Company executives said the firm is trying to eliminate dealers with poor performances, and retain those who make the strongest sales. Over 50% of the dealerships that are to be eliminated sell less than a hundred automobiles per year.

"We recognize in the short term we will see some loss of sales. But based on the long term ... the dealer [network] is key and it's going to be very strong, powerful, with a much better financial viability," said Press.


Sources

Share this:  E-mail this story Share on Facebook Share on reddit.com Share on LinkedIn.com Share on twitter.com


This page is archived, and is no longer publicly editable.

Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.


Retrieved from "https://en.wikinews.org/w/index.php?title=U.S._automaker_Chrysler_wants_to_eliminate_789_dealerships&oldid=4455685"