Chrysler Drops Dealers, Skirts Caps on Executive Pay

Just days after revealing a plan to that would allow the new Chrysler-Fiat partnership to skirt U.S. restrictions on executive pay by having some top Chrysler executives deemed Fiat employees, the automaker filed additional bankruptcy papers today that called for the closure of 789 dealerships -- a quarter of the dealers that sell the company's cars. Anticipating the closures, more than 100 dealers descended on Capitol Hill Wednesday to convince lawmakers that Chrysler should not close its...Full Story
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