Bankruptcy allows the automaker to end contracts with 789 of its nearly 3,200 dealerships, threatening tens of thousands of jobs. GM is expected to drop the ax on 1,200 franchises Friday. Chrysler will eliminate 789 dealers -- a quarter of its U.S. outlets -- using the bankruptcy process to break their contracts and put them out of business by June 9.
Chrysler aims to close 789 dealerships
Chrysler has told a bankruptcy court it plans to eliminate 789 of its dealers â€" or about 25 percent of them â€" across the country as part of its restructuring process.
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