Chrysler to South Florida Dealerships: Hit the Road

Four dealerships have been tapped to shut down, but one got a late reprieve from the scrap heap

Chrysler has a rebuilding plan for the future and four South Florida dealerships are not in it.

The dealerships, along with nearly 800 nationwide, are scheduled for the scrap heap as Chrysler tries to pull itself out of bankruptcy with the aid of the feds.

Chrysler has received $4 billion in federal loans and has been operating in bankruptcy protection since April 30. Its sales this year are down 46 percent compared with the first four months of last year, and it reported a $16.8 billion net loss for 2008.

Dealers learned of the plan via a certified UPS letter and many started with the business of notifying their employees, some of whom have been with the company for decades.

Named in court documents were Tamiami Chrysler Jeep Dodge, Maroone Dodge, Monarch Dodge and Massey Yardley Chrysler Jeep.

Yardley, however, dodged the Chrysler bankruptcy bullet after receiving a second certified letter Thursday saying that it would be included in the company's future plans.

Copyright AP - Associated Press
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