Thursday, May 14, 2009

Chrysler Eliminates 789 Dealers, 25% Of Total

In bankruptcy court earlier, Chrysler filed an initial salvo in its quest to trim its cost side from uber-bloated to merely bloated. The list presented below, highlights the 789 dealers (out of a total of 3,200) that Chrysler has decided to eliminate at the first possible opportunity. Zero Hedge is attempting to evaluate the geographic fallout of these massive initial cuts, and will present its readers with the results as soon as practicable. If you are a dealer and you are on the list below: tough luck - you may have a chance to appeal, but the process will likely be a moot point. However Zero Hedge summons all dealers and readers to show up at the designated hearing date in New York bankruptcy court, before the honorable Judge Gonzalez at One Bowling Green, on June 3, at 10:00 am. Should make for a very exciting hearing.

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