Thread: Park Cities Chrysler-Jeep-Dodge may be forced to close
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Old Aug 14, 2009 | 06:21 PM
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InfernoRedXfire
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From: Dallas, the Republic of Texas
Default Park Cities Chrysler-Jeep-Dodge may be forced to close
Park Cities Chrysler-Jeep-Dodge, a survivor of Chrysler's bankruptcy and reorganization, has stopped selling new cars and may soon be out of business after Chrysler Financial called all its loans.

Chrysler Financial is no longer financing dealership operations and demanded immediate full repayment of Park Cities' loans.

Chrysler Financial called all its loans... Chrysler Financial is no longer financing dealership operations and demanded immediate full repayment of Park Cities' loans.

The loans cover all of his vehicles, the dealership property and buildings. Moreover, other sources of automotive financing are extremely difficult to secure now, leaving cash-strapped dealers few options for operating loans.

"I've lost millions of dollars," said Griggs, who has managed or owned the dealership for more than a decade. "I'm done. I'm going to sell everything out here and get out of it.

Full story here: Park Cities Chrysler-Jeep-Dodge may be forced to close | News for Dallas, Texas | Dallas Morning News | Dallas Business News

This is just not right!




 
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