Court adds uncertainty to Chrysler reorganization
Published 06/09/2009, Associated Press
Chrysler is working to reduce its dealer ranks by about 25 percent as part of its cost-cutting actions. But the move, which still needs bankruptcy court approval, is being challenged by a group representing more than 300 dealers, as well as individual dealers. Fiat could walk away from the deal after June 15 and leave the struggling U.S. automaker with little option but to liquidate.Word count: 867
The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.