NADA Statement in Response to Chrysler's Announcement to Reinstate Dealerships

WASHINGTON, March 26 /PRNewswire-USNewswire/ -- The following is a statement by Ed Tonkin, chairman of the National Automobile Dealers Association (NADA):

"The announcement by Chrysler today of its intent to reinstate 50 dealers is a move in the right direction. This, coupled with previous contracts or Letters of Intent awarded to 36 other closed dealerships, brings the total to 86 dealerships that could be reinstated. NADA views this as a good faith effort, and hopes that this carries forward in Chrysler's continuing settlement and arbitration discussions with the other terminated dealers."

About NADA: The National Automobile Dealers Association, founded in 1917, is located just outside the nation's capital. NADA represents nearly 17,000 new-car and truck dealers, with about 37,500 franchises, both domestic and international. For timely and comprehensive coverage of the auto industry, visit www.NADAFrontPage.com, the association's new online magazine.

SOURCE National Automobile Dealers Association

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED