Will Closing Dealers Help Chrysler?

" So get to the Chrysler story this morning the first hearing in Chrysler's bankruptcy case will be -- New York courtroom and it will be held this morning for more on the future of the nation's. Third largest auto maker let's had a Chris Cotter has been all of the story from Michigan this week morning Chris."

" Morning -- I'm here -- dealership -- house Chrysler Jeep just up the road from headquarters."

" And you know interestingly enough there's a lot of talk has been about."

" The dealerships and closing down really cutting in more than -- half from over 3200 down to 1500. And a lot of people like talk to hear a lot of what I've read is that focused on the dealerships over the last couple days really indicates that. That will do absolutely nothing to affect Chrysler's bottom line and these dealerships are all self contained. The buildings they owned -- leased the vehicles are essentially owned by Chrysler financial they pay on a note. All all they're marketing promotional expense parts service it's all contained within the -- so there's a lot of misunderstanding out there is that."

" What good that will actually do and in some cases many people feel like Italy and do harm."

" Until you're able to clear that up Chris today it's a lot of misunderstanding it's interstate and one of the things I've found at -- from your reporting yesterday as a lot of people were telling you that they had. Something of a sense of relief that there was at least an end game in sight here right yeah. Yeah I've --"

" Think there's two ways of looking at that number one. -- you have the you know the uncertainty about bankruptcy we saw that yesterday with the two suppliers. Just instantly cutting supply don't want plant the plant one that felt -- having to close down just here at this particular dealership the truck driver that delivers the cars was laid off. So they didn't get the shipment cars yesterday they had a bump in the road with the price of financial in the afternoon as well."

" Unexpected surprise that's what's going to happen in bankruptcy but the thing is for the last few months customers of -- said."

" You know that MI want to buy -- but I don't know what Christ is going to be among the least maybe now you can say where in bankruptcy and this is certainly were expected be. Within 3060 days if it goes as planned."

" Well if it goes as planned and the F as the big thing here as you know sell what they. So so from the dealer's point of view. What are they telling you how they're going to deal over the next thirty to sixty days because even if you say it they're cutting the dealerships wouldn't help much maybe for Chrysler's bottom line that cuts are still a reality so how they're dealing with --"

" Yet you all all they can do is just you know bent down actions and hope to make it through because. That's really the big thing for them you know especially of the sales professionals I thought they say look people are still going to be concerned about buying a car from a company in bankruptcy is no question about that. They're still concerned about. Chrysler financial maybe some of the other banks cutting the 0% financing and all of that you know obviously the manufacturers' incentives they aren't going to be there as they have been so that's not going to spur demand. That the big thing for them is. Just please let it be two months not one months not five months that'll be too tough to take."

" Chris O'Connell and I am on election yesterday talked to a dealer who said that he had one of the best couple months has had a long long time. And we're getting some of those auto sales numbers today ironically here the day that we're seeing this filing from Chrysler what do you -- people coming -- are -- shopping for cars and able to get loans."

" Yet to be very dancing to see what Ford numbers are compared to what Chrysler GM with that threat of bankruptcy hanging over their heads how that's going to affect it yesterday I thought took a few customers and they all said first of all there's an Obama effect here I mean when they heard the president speak it gave them a sense of confidence certainly they know that the big government is backing their warranty. So -- is prevalent with customers right now. It is EL I I just think that again speed is of the issue because even though that may be the case with some customers. They need a lot and he Dayton. They can't afford to miss one sale so we gotta have they got to get this thing quickly and they still need to get these the situation Chrysler finance fix up as well because. It's it's hard for ability -- if you have really good credit they can't afford to miss that sale because some staff who in the in the credit."

" I'm Chris -- live once again from Mali -- and initiative thank you Chris great seal let's go to --"