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Article: Chrysler plans to dump 789 dealers, 4 in region.(Front)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- May 15, 2009
CopyrightCOPYRIGHT 2009 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Carolyn Shapiro
The Virginian-Pilot
Around 1 p.m. Thursday, when N. Proctor Peebles III saw the envelope on his desk, he knew the business his father started 60 years ago was coming to an end.
Waverly Motors Inc., just past Wakefield about 55 miles from Norfolk, has sold Chrysler vehicles since 1949. The small rural dealership - which moved five to 10 cars or trucks in its best months and one or two per month more recently - started with Dodge, added a Chrysler Plymouth dealership and finally took on Jeep in 1998.
Chrysler LLC, the automaker that is trying to reorganize in bankruptcy court, sent letters overnight via UPS to 789 ...