Another blow to Chrysler Corporation.  More than 100 Chrysler Group LLC U.S. dealerships could lose their businesses this year.  Since  Chrysler emerged from the U.S. government bailout, about 2,366 dealerships are left within the U.S.   About 1,500 Chrysler dealerships are facing financial crysis and applied for financing through GMAC, which replaced the defunct Chrysler Financial.  So far, most  of the applications are expected to be approved, but GMAC has rejected 83 dealerships and up to 60 remain under consideration.  So you would expect another wave of unapproved applications out of those remain 60 applicants.

GMAC is partly owned by private equity firm Cerberus Capital Management LP [CBS.UL] and General Motors Co [GM.UL].

[Source: Reuter]