Chrysler Dealers: Pain Hits Home
CNN reports on two family-owned Chrysler dealerships in New Jersey forced to close their doors as the troubled car giant makes massive cuts. They are two of 789 dealers across the nation that the troubled automaker wants to eliminate.
Chrysler disclosed in a bankruptcy filing Thursday that it wants to close a quarter of its dealers in a matter of weeks, a strategy that might help save the company but would wipe out thousands of jobs.
And with General Motors also expected to announce it will close about 1,100 dealerships, the crisis in the auto industry is reaching the front doors of Americans who live far from Detroit.
