Auto dealers fight GM, Chrysler closings
Auto dealers are trying to avoid the ultimate going out of business sale.
Chrysler L.L.C., by far the weakest of the Big 3 automakers, Thursday announced plans to end its relationship with 789 dealers by June 9, representing about 14 percent of its sales volume. On Friday, General Motors, which eventually plans to shrink its dealers by a whopping 40 percent, told 1,100 under-performing GM dealers that their franchise agreements will not be renewed next year. The moves were done at the behest of the Obama Auto Task Force.
