Chrysler seeks to reject Greenville Motor’s franchise agreement
Chrysler is seeking to reject franchise agreements with at least 13 dealerships in Alabama, including Greenville Motor Company. The longtime U.S. automaker filed for bankruptcy protection on April 30.
Ken Gibson, General Manager of Greenville Motor Company, declined comment, but said he hopes to make a statement on Friday about the evolving situation.
“Right now we just don’t know what’s going to happen,” he said.
Chrysler wants to reject a total of 789 franchise agreements in the U.S. as part of the company’s attempts to reorganize and possibly emerge from bankruptcy. It is the first major U.S. automaker to file bankruptcy, but experts fear General Motors could be next.
Greenville Motor Company sells Chrysler, Jeep, Dodge, and Chevrolet. The dealership has operated in Greenville since 2000 and was moved here from Fort Deposit by the late Charles Haigler Jr.