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Chevrolet Dealer Group Closes All 14 Dealerships (will affect about 2,700 employees) [View All]

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Purveyor

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Wed Sep-24-08 06:11 PM
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Chevrolet Dealer Group Closes All 14 Dealerships (will affect about 2,700 employees)

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Source: Associated Press

COLUMBUS, Ga. – One of the leading sellers of Chevrolet vehicles in the country has closed all 14 of its dealerships.

In a statement released Wednesday, Bill Heard Enterprises says the closures will affect about 2,700 employees.

The statement says the company did not have the resources to continue operating. It cites factors including rising fuel prices, an inventory dominated by trucks and SUVs, economic recession, unfavorable market conditions and the current banking and financial crises.

Read more: http://www.signonsandiego.com/news/business/20080924-1358-dealershipcloses.html

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