Posted on 05/14/2009 7:53:49 AM PDT by FromLori
Minority car dealers are expected to be hit hard as General Motors Corp. and Chrysler LLC trim their retail networks, undoing years of work by the auto makers to bring more African-Americans, Hispanics and others into the car business. Chrysler is expected to outline a plan as soon as Thursday to drop 800 of its 3,200 dealers as part of its bankruptcy restructuring. GM plans to eliminate 2,600 of its more than 6,000 dealers as it reorganizes.
(Excerpt) Read more at online.wsj.com ...
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