Chrysler dealers begin fight against closure

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Chrysler dealers begin fight against closure

Jun 4th, 2009 - Reuters

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NEW YORK (Reuters) - Many of the 789 dealerships that Chrysler plans to close will begin presenting their case to bankruptcy court on Thursday, arguing that the automaker was undermining its turnaround by terminating the franchises.

Chrysler filed for bankruptcy on April 30 and said about two weeks later that it was shutting a quarter of its dealer network. The company said it wanted to slim down the number of stores to better match the dramatic drop in sales, which have fallen more than 40 percent during the recession.

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