25 percent of Chrysler dealers to close

Posted on May 14th, 2009 by In51der in Car Dealers, Manufacturers, News

BBC News reports that US carmaker Chrysler has told a bankruptcy court that it plans to close about one quarter of its dealerships.

Chrysler said it wants to shut down 789 out of its current 3,200 dealers.

Chrysler filed for bankruptcy protection in April, allowing it to carry on trading while protected from its creditors.

At the time, it warned some dealerships would close. A spokeswoman said the company would notify its dealers before commenting publicly.

The carmaker said the sales at many of its dealers were too low. Full story…

Bookmark and Share

The Motor Trade Insider Guide To Buying New Cars

  • Nissan and Chrysler abandon tie-up plan
    Carmakers Nissan and Chrysler have abandoned a plan to supply vehicles to each other because of the turmoil in the [...]...
  • GM to close up to 1,100 dealers in the US
    BBC Business News is reporting that General Motors has announced plans to close up to 1,100 of its dealerships in [...]...
  • Lenders objecting to Chrysler bankruptcy plan
    A group representing 20 Chrysler lenders, holding $1bn (£674m) in debt, are set to object to the firm’s move into [...]...
  • Details of Chrysler bankruptcy deal revealed
    BBC News reports the details of US carmaker Chrysler’s bankruptcy protection deal and it’s alliance with Fiat. US President Barak [...]...
  • Chrysler ‘to enter bankruptcy protection’
    The inevitable has happened and Chrysler is to now enter bankruptcy protection after failing to persuade a number of hedge [...]...
  • Daimler will give up its Chrysler stake
    BBC News reports that German carmaker Daimler has reached a deal to give up its 19.9% stake in Chrysler, the [...]...

    • Comments are closed.

    Automotive Industry News

    About MTI

    Motor Trade Insider
    Our aims:
    Build a bridge between consumers and the trade.

    Create Interesting and informative content.

    Break down barriers and create better understanding.

    Expose bad practices and rip-offs.

    Promote outstanding products and services.

    Motor Trade Insider is written by people working actively in the motor trade for people on the inside and people on the outside.

    Motor Trade Insider New Car Buying, Used Car Buying, Used Car Prices, Used Car Values UK. Car buying guide. Whether you’re buying a new car or interested in used cars or car valuation or just general information and advice on the motor trade and UK Automotive Industry.

    Valid CSS!

    Valid XHTML 1.0 Transitional

    [Valid RSS]

    Bargain of the Week

    Bargain of the Week – Land Rover Discovery

    Bargain of the Week – Land Rover Discovery

    With all the boxes ticked it does make you wonder how the British government think they can keep raising the cost of car ownership to ...

    Bargain of the Week – Ferrari 355

    Its V8 engine became the first road-going Ferrari to have bypass valves built into the exhaust system letting pretty much all of its thunder explode ...

    Bargain of the Week – 2003 Range Rover 3.0 Td6 HSE

    With the recent facelifted Range Rover and Sport doing wonders for sales, forking out for a 10-plate can set you back over 50 big ones ...

    Scrappage

    The scrappage scheme has ended, get over it

    The scrappage scheme has ended, get over it

    The continuous changes which the car trade is undergoing means that until staff get the message that customers demand (and deserve) great service and will ...

    What a difference a year makes

    Car buyers have therefore either gone elsewhere or decided on a demo model or nearly new example instead, thus leaving a vacuum in new car ...

    VAT’ll do nicely!

    We found that when embracing the scrappage scheme, for example, dealers made the absolute most out of it. Short term, after it ended, it did ...