Mr. Hecker wasn’t kidding in his lawsuit against Chrysler for cutting off his credit. Looks like he is in a bad way, having closed six dealerships and sold three more. 400 people have lost their jobs as a result. I think this is just the beginning of a big contraction for all the auto-related industries that depend on the big three. Whether they get bailed out or not, if they don’t sell cars, all these related sectors are extremely vulnerable.
Tags: auto industry, auto industry bailout, Chrysler, dealerships, Dennis Hecker, Lawsuit, Layoffs, Linkedin
Reading Tea Leaves by Randy Wilson 
February 24, 2009 at 3:54 am |
[…] face more money troubles By Randy Wilson I posted several times about the high flying Denny Hecker who owned several Chrysler dealerships. The downturn has hit him hard and he lost his […]