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क्रिसलर ने एक चौथाई व्यापार खोया

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In a move which will deal a serious blow to small towns across the United States, the company plans to eliminate nearly 800 dealerships in a matter of weeks. It says the network is antiquated and sells far fewer cars per dealer than foreign competitors like Honda.

The dealerships are independent, often family-owned businesses which now face the loss of their livelihoods. The move will have to be approved by the bankruptcy courts.

General Motors, which itself is struggling to avoid bankruptcy, is sending letters to around a thousand of its dealers, warning them that it will not renew their franchises when they expire late next year.

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