California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

Chrysler released its list of its 789 dealerships it plans to conclude relationships
 with after this year.  Chrysler went into bankruptcy two weeks ago. The company
will still honor their warranties and service agreements. The company is privately
held and will be merged with Fiat giving the Italian car maker a new avenue for sales
in the United States.

For California, it means the closure of 29 dealerships. Only Texas surpassed California
for the total aggregate number of dealerships to be closed. It does not necessarily
mean the loss of tax revenue for California but for local government, it may mean
less tax receipts and of course lost jobs. Most dealers that are closing are located
in small towns and evenly split between north and south parts of the state.

The list for California - from North to South across the state:

Harvey Harper, Eureka
Courtesy Motors, Chico
Oroville Motors, Oroville
Weaver Auto, Grass Valley
Liberty Motors, Grass Valley
Wheeler Jeep, Yuba City
Folsom Chrysler Jeep, Folsom
Mother Lode Motors, Sonora
Richardson Chrysler and Jeep, Oakdale
Livermore Chrysler Jeep, Livermore
Bay Bridge Chrysler Jeep, Oakland
Burlingame Chrysler Jeep, Burlingame
Peninsula Dodge, Redwood City
Ron Smith Jeep, Merced
Butts Jeep-Eagle, Seaside
Liberty Chrysler Dodge Jeep, Hanford
Ted Miles Jeep, Atascadero
Perry Jeep, San Luis Obispo
Jeep of Ventura, Ventura
Murphy & Shelby Dodge, San Fernando
Big Valley Chrysler Jeep, Van Nuys
Star Chrysler Jeep, Glendale
Car Pros Chrysler Jeep, Carson
Union Chrysler Jeep Dodge, Garden Grove
Urban Chrysler Jeep Dodge, Foothill Ranch
Dodge City Chrysler Jeep, La Quinta
North County Jeep, Escondido
John Hine Dodge, San Diego
Direct Auto Plaza, El Centro

For an interactive map-
see http://money.cnn.com/news/specials/storysupplement/chryslerdealerclosings/CA.html

I am Tim Johnson and this has been the California Business Minute.