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Once Cash for Clunkers was finished, September auto sales plummeted.

Once Cash for Clunkers was finished, September auto sales plummeted.

Later in the month of August, car dealers and manufacturers participated in Cash for Clunkers and the program was a success because it got a lot of gas guzzling cars off the highways and it helped some citizens be able to get a new car …

Now this is news: The government does something that actually works

Now this is news: The government does something that actually works

It’s been almost a year since the government started bailing out banks and already it is started to see some profits from the money given to all the banks. At the time of the bailouts, many people thought that profits from the money put into …

Chrysler sale to Fiat could be blocked by the Supreme Court

Chrysler sale to Fiat could be blocked by the Supreme Court

On Tuesday, almost 800 Chrysler, Dodge, and Jeep dealers will go out of business across the country. About a month ago, Chrysler asked a bankruptcy court its permission to end franchise agreements for what amounts to 25% of its dealerships. The reason Chrysler is doing …

Dealers Get the Axe, Buyers Get Sweet Deals

Dealers Get the Axe, Buyers Get Sweet Deals

This past Thursday, Chrysler asked a New York bankruptcy court to end its franchise agreements with 789 dealerships across the country and informed them that they would no longer be receiving stock, basically closing them. These 789 dealerships will soon be going out of business. …

Chrysler Dealerships Receive Equivalent of Pink Slips

Chrysler Dealerships Receive Equivalent of Pink Slips

Yesterday, 789 Chrysler dealerships saw the UPS guy and knew what that full sized overnight envelope contained. It contained a letter from Chrysler LLC indicating that they are being closed due to the bankruptcy of the entire corporation. Some dealers received phone calls from representatives …