Sunday, January 22, 2012

Chrysler plans to close two Raleigh-Durham dealerships - Triangle Business Journal:

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Dodge on Wake Forest Road in Raleigh and Johnson Chrysle r Dodge Jeep on Jackie Robinson Drive in Durham are on the list of the 789 dealershipsa Chrysler wants todrop nationwide. to downloac a PDF of the entire list. The move means that Chrysler wants to pull the franchiswe rights that allow the dealers to sellthe automaker'as vehicles. It’s expected that the dealers will be able to appeal Chrysler’s decision. Even if they can'r continue to sell Chrysler dealers could stay in business by reaching agreements with othed manufacturers or moving arounxdexisting inventory.
Southern for example, said in a news releasw Thursday afternoon that it would move its Nissamn dealership on Wake Forest Road into theDodged showroom. Southern States sells Buicks, Hundais, Nissans, Subarus and Volkswagens from its lots and showroomzs on either side of Wake Forestr Road just south of Six Forks Jeff Gorton, Southern States' chief financial officer, said in a writteh statement that his company had no plansw to eliminate jobs but that some employeesw may move to new positions to fill needs. As for losin Dodge, Gorton said his companyh was shedding alosing proposition.
"Sales, profit parts and service with Dodge have continued to shrink over the pastseveralp years, until being a Dodge dealer is no longeer a profitable venture,” he said. Mark Gabriella, generalp manager of Johnson ChryslerDodge Jeep, was unavailable for Privately held Chrysler filed for Chapter 11 bankruptcyg in April in a deal that includesw a partnership with Italy’s Fiat. Another round of dealershio eliminations is expected to be announcedsthis week. is expected to announcecd 2,600 dealership cuts before the end of theday Editor's note: The Chrysler list includez 14 dealerships with North Carolina but one of thosee dealers actually is in California.
That dealership, FAA is owned by Sonic Automotive Inc. of Charlotte, whose address was used in the

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