AP Source: Chrysler To Cut 800 Dealers On Thursday

By: Associated Press
By: Associated Press

Detroit (AP) -- A Chrysler dealer says the automaker will tell at least 800 of its 3,200 dealers on Thursday that they have been fired.

The dealer listened to a conference call Tuesday held by lawyers who want to represent the dealers whose franchise agreements will be rejected.

The dealer did not want to be identified because the call was confidential.

But he says a lawyer from the firm Squire Sanders out of Cincinnati told dealers that Chrysler will ask a bankruptcy judge to reject the franchises.

Chrysler, which has received $4 billion in government loans, has filed for chapter 11 bankruptcy protection in New York.

(Copyright 2009 by the Associated Press. All rights reserved.)


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