Chrysler plans to close 13 Colorado Chrysler, Jeep, and Dodge dealerships

Chrysler

In a bid to restructure Chrysler LLC will close down 789
dealerships, or about 25% of the current number, which includes 13
dealerships in Colorado.

Chrysler has a total of 3181
dealerships, and in a press release today the company announced that
only 2,392 of the Chrysler, Jeep and Dodge dealerships will remain with
the new company as it seeks to partner with Fiat. The troubled
automaker told a judge today that it wants to close about a quarter of
its current dealerships as part of its restructuring plan.

According
to the current list of dealerships on the chop the dealerships in the
following Colorado cities are slated to be closed:

Colorado Springs along with–

La Junta,
Delta,
Parker,
Craig,
Fort Morgan,
Longmont,
North Glenn,
Durango,
Montrose,
Denver, and two dealerships in Wheat Ridge.

Today's Chrysler press release states:

"Chrysler
LLC today filed a motion with the U.S. Bankruptcy Court seeking to
reject certain U.S. dealer agreements, and a list of U.S. dealer
agreements to be assigned to the buyer of its business assets. Subject
to Court approval, 2,392 Chrysler, Jeep® or Dodge dealers will continue
with the new company in a global alliance with Fiat once the sale is
complete. This action will help improve the landscape of the Chrysler
dealership network following the sale and enhance the full line
portfolio of Dodge, Jeep and Chrysler products for customers.

“We
are in the process of revitalizing Chrysler's business to succeed as a
viable enterprise under new ownership in the future,” said Jim Press,
Vice Chairman and President. “The unprecedented decline in the industry
has had a significant impact on our sales and forced us to reduce
production levels to better match the needs of the market. With the
downsizing of operations after the sale and reduction of plants and
production, similar reductions must be made to the size of the dealer
body. We appreciate the support of our dealers and regret this painful
action. We wish market conditions made it possible to keep everyone.”

According to CNN:

"Chrysler's plans to close the dealerships must still be approved by
U.S. Bankruptcy Court Judge Arthur Gonzalez, who is overseeing the
government-led restructuring of the company."

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