Chrysler Group LLC Offers Letters of Intent to 50 U.S. Dealers

AUBURN HILLS, Mich., March 26 /PRNewswire/ -- In an effort to find a mutually beneficial resolution in situations that make sense for the customer, the dealer and the company, Chrysler Group LLC today announced it 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 our current network. Discussions to find mutually beneficial alternatives to arbitration with other dealers are under way.

The actions announced today are in addition to the 36 Letters of Intent and/or Sales and Service Agreements previously awarded to dealers whose contracts had been rejected by OldCarCo.

SOURCE Chrysler Group LLC

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