Delaware - Chrysler crisis hit Delaware. According to a bankruptcy filing, Chrysler said it would close 3 dealerships in the Delaware.In a bankruptcy court motion filed in New York, Chrysler said it wants to eliminate 789 dealerships by June 9.
The motion said the dealerships sell too few cars and trucks, or compete with themselves. More than 38,000 people will be without work once the dealerships close on June 9.
Chrysler has received $4 billion in federal loans and has been operating in bankruptcy protection since April 30. Its sales this year are down 46 percent compared with the first four months of last year and it reported a $16.8 billion net loss for 2008.
3 Delaware Car Dealerships are among those proposed for elimination by the company. They include:
C F SCHWARTZ MOTOR CO INC located in DOVER, Delaware
HERTCO INCORPORATED located in DOVER, Delaware
NEWARK DODGE INC located in NEWARK, Delaware
(The AP contributed to this.)
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