Hecker Update: Dealerships closed and jobs lost

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.


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One Response to “Hecker Update: Dealerships closed and jobs lost”

  1. Hecker face more money troubles « Reading Tea Leaves by Randy Wilson Says:

    […] 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 […]

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