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Chrysler Offers 50 Dealers Chance To Re-Open

03/26/2010
Chrysler Group announced today that it will offer to reinstate 50 of the 798 dealers it terminated last year as part of its bankruptcy proceedings. Nearly 400 of those closed dealers filed for an arbitration hearing last month to appeal the terminations. The 50 who received the reinstatement offer are part of those with pending appeals.

"The 50 dealers are in locations that offer customer service benefits and will have limited adverse impact on the dealers within our current network," Chrysler said in a statement.

Under the agreement's terms, the dealers must meet "standard conditions" for capitalization, facility build-out, and management, according to a company spokesperson.

More than 300 former dealers are still in the arbitration process, which is scheduled for the next three months.

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