Legal Commentary

Chrysler Axes 789 Dealerships

By Jeralyn

Give your car dealer a hug today. This can't be good news for Jeep owners, of whom Colorado has more than its fair share, including me. As part of its bankruptcy plan, Chrysler notified 789 dealers across the country today it is terminating their relationship.

I'm really glad my dealer isn't on this list (pdf). But more closures could be coming. [More...]

I started buying Jeeps in 1988, switching from Mercedes. I've bought a new one every three to five years and never had a bad one. I've even stuck with the same dealer through several ownership changes. My latest has only 4,000 miles.

GM owners are facing the same prospect.

General Motors Corp. CEO Fritz Henderson said Monday that GM would begin late this week notifying dealers who will be closed as the company cuts its U.S. network by 50 percent.

Update: Some answers for car owners on what to do and what it means if your dealer is on the list.

Full post as published by TalkLeft on May 14, 2009 (boomark / email).