Chrysler Junks 789 Dealers —25% of US Salesforce

Chrysler plans to eliminate 25% of its US dealers by next month, the New York Times reports. The embattled automaker notified 789 today, citing the need to keep remaining franchises profitable. Chrysler filed a list of those dealerships in bankruptcy court, and a judge could decide to rescue them. General Motors is expected to follow suit with 1,000 of its dealers tomorrow. (More General Motors stories.)