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.
American automobile manufacturer has said that it wants to eliminate 789, or about a quarter, of its 3,200 dealers by early June. In a 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 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 , the Vice Chairman of Chrysler.
D
Chrysler LLC
D
bankruptcy
D
US Bankruptcy Court
D
Jim Press