Providence Journal - Subscribe Now & Get Our Latest Offer
1

Cars Blog

Chrysler bankruptcy has dealers on "razor's edge"

Comments  | Recommend
May 5, 2009 9:17 am
By Peter C. T. Elsworth

NEW YORK - Chrysler's car dealership network is on the verge of collapse, a U.S. bankruptcy court heard on Monday, as hundreds of dealerships have closed their doors this year and uncertainty about the company's future is driving consumers away, according to Reuters.

"A lot of these guys right now are just trying to survive," James Arrigo, the co-chairman of Chrysler's National Dealer Counsel said of the company's dealers at a hearing on Monday in U.S. bankruptcy court in Manhattan.

Share Your Thoughts
Guidelines: We welcome your thoughts, but for the sake of all readers, please refrain from the use of obscenities, personal attacks or racial slurs. All comments are subject to our terms of service and may be removed. Repeat offenders may lose commenting privileges.
Providence Journal - Subscribe Now & Get Our Latest Offer
MOST COMMENTED