Discontinued dealers left holding big bag (Dealscape

The roughly 780 Chrysler dealers whose franchises would be canceled under the car manufacturer's bankruptcy will be losing more than their businesses. They also stand to lose their shirts on up to three months of inventory clogging their lots.

Chrysler LLC filed a motion Thursday with the U.S. Bankruptcy Court of the Southern District in New York seeking to sever contracts with 25% of its dealerships.

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NOT A SUBSCRIBER? Discontinued dealers left holding big bag Posted on May 15, 2009 10:45 AM The roughly 780 Chrysler dealers whose franchises would be canceled under the car manufacturer's bankruptcy will be losing more than their businesses. They also stand to lose their shirts on up to three months of inventory clogging their lots. Chrysler LLC filed a motion Thursday with the U.S. Bankruptcy Court of the Southern District in New York seeking to sever contracts with 25% of its dealerships. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 265 in-depth reports of Bankruptcies in the Automotive sector 31 in-depth reports of Reorganization plans in the Automotive sector 20 company pages related to Chrysler 12 in-depth transaction records for Chrysler 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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