At least 20 of the 789 dealers cut by Chrysler during its restructuring are still owed money for vehicles they sold before their wind-down. According to FOX Business News, NADA has been receiving complaints from the dealers. “This situation is unacceptable,” says a NADA spokesman. “The dealers got 26 days notice they would be closing. It’s been two months now and to not pay dealers even a portion of what they are owed is outrageous.” Chrysler’s response? Be cool. “All dealers will be paid monies due to them for incentives and warranty work,” Chrysler tells FOX Business. “On July 28 Chrysler notified its former dealers that the payments were delayed, due to unforeseen complexities as a result of the bankruptcy reorganization, but they will receive final monies due to them.” Unforeseen complexities? Oh, boy . . . .
a.k.a. we didn’t receive $50 billion like our big brother and things are alittle tight right now.
// “All dealers will be paid monies due to them for incentives and warranty work,” Chrysler tells FOX Business. //
I guess the “time value of money” means nothing here. Sure, they’ll get paid… when Chrysler damn well feels like it… when pigs fly… etc. Meanwhile the parties that are owed have expenses to deal with and no money forthcoming.
What’s really nice is that Chrysler ISN’T too busy to have the brand signs taken down and start the process of opening up new stores right down the street from the guys they screwed.
Stay classy, Chrysler!
So if someone has a loan through their credit wing can the car owner tell them something came up, like a lost job, and put off paying for a while?
Don’t buy anything from the regurgitated Chrysler ever again.
@GS650G:
QFT.
20 out of 800? BFD!
You don’t think 20 closing dealers screwed up the paperwork, or tried to get a little extra in the confusion.
Oh I forgot, the folks at NADA are a bunch of Boy Scouts.
Oh I forgot, the folks at NADA are a bunch of Boy Scouts.
According to some, ANYONE is a boy scout compared to: THE GOVERNMENT. Even rapists and child molesters. Can’t wait for the hilarity to ensue if those guys ever have a tussle with: THE GOVERNMENT
As we read a few weeks ago Oldsmobile dealers are still waiting to get paid their money from years ago. These ex-Chrysler dealers are in for a long haul.