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Monday, May 18, 2009

Chrysler cuts have big rural impact in Iowa, Neb.

Continuing media reports are making clearer the big rural impact of the auto-industry crisis. In Omaha, KETV reports that 31 Chrysler dealerships in Nebraska and Iowa are slated to lose support from the company. The automaker said last Thursday that it does not have the funds to keep all of its dealerships running.

If a bankruptcy judge approves, Chrysler's agreement with 800 dealers nationwide will end in June. However, some affected dealerships are negotiating with other automakers to keep them in business. The loss of dealerships will likely result in difficulties for consumers and small-town residents, who may lose jobs and have to drive farther for car service. (Read more).

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