Posts Tagged ‘dealerships’

Hecker Update: Dealerships closed and jobs lost

November 23, 2008

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.