Chrysler, GM to cut 2,000 dealerships

By Jerry Kronenberg

Chrysler is expected today to identify some 800 U.S. dealerships that it wants to shutter, with General Motors following suit tomorrow with as many as 1,200 closure notices of its own.

The struggling carmakers are slashing dealerships as part of government-orchestrated attempts to save the U.S. auto industry.

Both firms have received huge government bailouts that require radical restructurings. Read more...

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