dealership closings
Ford Continues To Terminate Lincoln Dealerships
Ford‘s quest to trim the fat from Lincoln‘s dealer network continues as the company aims to cut another 100 dealers in what it calls “major markets”, from 500 to 325. So far the brand is down to 434 as for December 31, 2010. With more roughly 4 times as many stores as other luxury brands…
Chrysler to Close 789 Dealerships by June 9th
According to the latest bankruptcy court filings by Chrysler, the company plans to cut 789 dealerships (one quarter of the current dealer network) in an effort to emerge as a financially viable company. The company sent out overnight letters to the dealerships that will be eliminated. As expected in bankruptcy, Chrysler will not buy-back the…
