Friday, May 15, 2009
Obama Death Star destroys/terminates 38,000 Chrysler jobs
Chrysler to terminate 25 percent of U.S. dealers
Treasury says Obama auto task force not to blame
Thu May 14, 2009 3:27pm EDT
By Poornima Gupta
DETROIT (Reuters) - Chrysler LLC notified all U.S. dealers on Thursday about its plans to eliminate 25 percent of its retail showrooms and is seeking permission from a U.S. bankruptcy court to terminate franchise agreements.
The automaker sought approval in a bankruptcy court filing to terminate franchise agreements with 789 of 3,181 dealerships as of June 9.
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