08-03-2010, 12:05 PM | #1 |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Santa Barbara Chrysler/Jeep/Dodge closes down
News reports indicate that Santa Barbara Chrysler/Jeep/Dodge/Hyundai closed down suddenly this week. For the full report from the local TV station - click here
The dealership is one of four or five in Central California that were left hanging during the transition from Chrysler Financial to GMAC. The dealer principal indicates he has a new owner lined-up and hopes the dealership will re-open soon and re-hire the staff that was laid off. As a side note, the dealership is located on property leased from the local airport and is in a designated flight path zone. The dealership has been grandfathered for the past 30 years but will lose that status if the dealership is closed. Without the exempt status the facilities would likely be torn down to comply with FAA mandates. |
08-10-2010, 12:18 PM | #2 | |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Quote:
For the full report - click here |
|
11-02-2010, 09:27 AM | #3 | |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Bunnin's deal to purchase Santa Barbara Chrysler-Hyundai fails
Quote:
Perhaps most interesting is the reason cited for the failed negotiations - misunderstanding about what tenant improvements would be covered by Chrysler. Here's an excerpt from the report: He said Monday that a deal collapsed over tenant improvements he thought Chrysler would cover. Bunnin said he was going to stay about 18 months in Goleta, then move into a mall on Hitchcock Way in Santa Barbara. “There was a misunderstanding between what I thought the manufacturer would do and what they actually could do, and that kind of cleared the deal,” he said.
To the extent Bunnin is a successful GM dealer, I wonder if there are situations where GM would have helped with tenant improvements? |
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Geweke Chrysler Jeep Dodge closes | XDCX | Automotive Discussions | 2 | 02-04-2009 10:53 PM |
Hemet Chrysler/Jeep/Dodge closes down | XDCX | Automotive Discussions | 0 | 01-11-2009 07:44 PM |
Bill Buckner Chrysler, Jeep, Dodge closes down | XDCX | Automotive Discussions | 0 | 12-04-2008 09:20 PM |
Hood River Chrysler/Jeep/Dodge closes down | XDCX | Automotive Discussions | 0 | 11-20-2008 11:25 AM |
Whittier Chrysler, Jeep, Dodge closes down | XDCX | Automotive Discussions | 1 | 07-08-2008 11:35 AM |