Chuck Nash Jeep Eagle is among 789 dealership Chrysler LLC says it will close by June 9 at it struggles to emerge from bankruptcy.
In a motion filed in a federal bankruptcy court in New York, Chrysler said the closings represent nearly a quarter of its 3,200 dealerships in the United States. The company notified dealers this morning that their franchises would be canceled and there will be no appeal.
Nash could not be reached this afternoon for comment.
Nash, who opened a new General Motors dealership on Interstate 35 last year, started in business here in 1976. He had intended on keeping his old location on Texas 123 at the interstate as a Jeep dealership, body shop and service center.
Chrysler executives told the Associated Press that the company is keeping its best-performing dealers and eliminating the weakest.
The company is also trying to reduce the number of single-brand dealerships to bring all three Chrysler brands — Jeep, Chrysler and Dodge — under a single roof, they said. It also wanted to limit competing dealerships.