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Detroit

Chrysler Shutters Dealerships

Will close nearly one-quarter of locations.

If you want a Chrysler, get it quick: The automaker is going to eliminate almost a quarter of its dealerships, closing 789 of a nationwide 3,200. The Associated Press reports “The company, in a motion filed with the U.S. Bankruptcy Court in New York, said many of the dealers' sales are too low. Just over 50 percent of the dealers account for about 90 percent of the company's U.S. sales, the motion said. … The move, which the dealers can appeal, is likely to cause devastating affects in cities and towns across the country as thousands of jobs are lost and taxes are not paid.”

Read it at Associated Press

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