Chrysler offers letters of intent to 50 dealers

March 26, 2010

March 26, 2010—Chrysler Group is offering letters of intent to 50 arbitrating dealers to join its dealer network as full-line representatives.

These are dealers whose contracts were rejected as a part of OldCarCo's bankruptcy proceedings last year. The 50 dealers are in locations that offer customer service benefits and will have limited adverse impact on the dealers within the current network, according to Chrysler.

Chrysler, having sold off all its best assets in bankruptcy proceedings, is now going by the name OldCarCo in bankruptcy court, according to Reuters.

The letters of intent are in addition to the 36 letters of intent and sales and service agreements previously awarded to dealers whose contracts had been rejected by OldCarCo, according to Chrysler.

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