REPORT: Slighted dealers line up to criticize Chrysler tactics
Chrysler isn't buying back the inventory that sits on dealer lots -- inventory that, in some cases, Chrysler specifically asked dealers to take too much of in order to help make the company look better for sale. Banks have also dropped many dealers because they no longer have new-car franchises, making it even harder to sell the cars they have.
Until a few days ago, the dealers were told they had only until June 9 to liquidate everything. However, an exchange between Senator Kay Bailey Hutchison (R-TX) and Chrysler President Jim Press has lead to an assurance from Press that dealers will "receive a fair and equitable value for virtually all of their outstanding vehicle and parts inventory," and that former franchisees would "receive a daily report which specifically outlines each unit of inventory and its place in the transition process." The suggestion was also that this would be the case after June 9.
Meanwhile, dealers who spent millions of dollars to show their commitment to Chrysler, only to be unceremoniously cut, will continue to fight their cases in court and on the showroom floor.
[Source: NY Times]
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