Emily Maltby, CNNMoney.com staff writer
On Thursday May 14, 2009, 4:19 pm EDT
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Chrysler dealers nationwide were fearing the UPS guy on Thursday.
For 789 dealerships, the man in brown came carrying an overnight letter from Chrysler LLC indicating that they are being closed as part of the automaker’s bankruptcy. Some dealers received additional phone calls from company representatives, while others discovered their fate after being contacted by reporters.
Those calls and letters informed dealers that on Thursday morning Chrysler had filed a plan with the bankruptcy court listing the 789 Chrysler, Jeep and Dodge dealers it selected to discontinue operations. Under the plan - which is still subject to review by the bankruptcy judge - the dealers have until June 9 to close their Chrysler franchises.
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