Chrysler (Fiat) To Slash 800 Dealers On Thursday
The AP (via Yahoo!) reports that Chrysler will ask Judge Gonzalez to cancel âat leastâ 800 dealer franchise agreements on Thursday. The news comes from lawyers of Cincinati firmĂ Squire, Sanders & Dempsey, who are organizing opposition to the move. Automotive News [sub] has more on the effort, reporting that the National Automobile Dealers Association is soliciting $4,000 contributions from members to create a legal defense fund. Also, just because a dealer doesnât get the axe on Thursday doesnât mean theyâre out of the woods yet. Mother Fiat is sees dealer cuts as business item number one for its new Chrysler division, and Thursdayâs cuts are being called âpreliminary.â Dealer cuts âÂÂwonâÂÂt be a huge catastrophic number,â Jim âItâs Always Sunny In Auburn Hillsâ Press tells Bloomberg. After all, about 50 percent of Chryslerâs 3,188 dealers generate 90 percent of its retail sales.