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View Full Version : Are private Chrysler dealerships being taken from owners with NO compensation?



Little-Acorn
05-20-2009, 03:16 PM
If true, this is stunning. Part of me says it can't be true. I'm trying to find ways to verify or disprove it.

It does jive with President Obama's stated intention to "return the wealth to its 'rightful' owners", and otherwise "spread the wealth around". But I frankly didn't expect him to do it in such a baldfacedly larcenous way.

------------------------------------

http://www.americanthinker.com/blog/2009/05/letter_from_a_dodge_dealer.html

Letter to the editor

My name is George C. Joseph. I am the sole owner of Sunshine Dodge-Isuzu, a family owned and operated business in Melbourne, Florida. My family bought and paid for this automobile franchise 35 years ago in 1974. I am the second generation to manage this business.

We currently employ 50+ people and before the economic slowdown we employed over 70 local people. We are active in the community and the local chamber of commerce. We deal with several dozen local vendors on a day to day basis and many more during a month. All depend on our business for part of their livelihood. We are financially strong with great respect in the market place and community. We have strong local presence and stability.

I work every day the store is open, nine to ten hours a day. I know most of our customers and all our employees. Sunshine Dodge is my life.

On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them. My new vehicle inventory consists of 125 vehicles with a financed balance of 3 million dollars. This inventory becomes impossible to sell with no factory incentives beyond June 9, 2009. Without the Dodge franchise we can no longer sell a new Dodge as "new," nor will we be able to do any warranty service work. Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service. There is no offer from Chrysler to buy back the vehicles or parts inventory.

Our facility was recently totally renovated at Chrysler's insistence, incurring a multi-million dollar debt in the form of a mortgage at Sun Trust Bank.

HOW IN THE UNITED STATES OF AMERICA CAN THIS HAPPEN?

THIS IS A PRIVATE BUSINESS NOT A GOVERNMENT ENTITY

This is beyond imagination! My business is being stolen from me through NO FAULT OF OUR OWN. We did NOTHING wrong.

This atrocity will most likely force my family into bankruptcy. This will also cause our 50+ employees to be unemployed. How will they provide for their families? This is a total economic disaster.

HOW CAN THIS HAPPEN IN A FREE MARKET ECONOMY IN THE UNITED STATES OF AMERICA?

I beseech your help, and look forward to your reply. Thank you.

Sincerely,

George C. Joseph
President & Owner
Sunshine Dodge-Isuzu

----------------------------------------------------------------

Before you ask, yes, this guy is legitimate:

SUNSHINE DODGE INC
840 SO HARBOR CITY BLVD 41373 DT
MELBOURNE, FL 32901-1999
GEORGE C JOSEPH

glockmail
05-20-2009, 03:28 PM
It meets the definition of socialism exactly. Elections matter my friend.

Mr. P
05-20-2009, 03:32 PM
I'll take a shot.

Yes he owns the business..He also contracts with Chrysler. Chrysler is filing for bankruptcy..he's screwed. Dims da breaks.

Insein
05-20-2009, 03:51 PM
I get the recalling of the license but taking the dealership and giving it to another owner with no compensation to the original owner?!?

I need more details before I can jump to an angered conclusion but if true this is an outrage.

Little-Acorn
05-20-2009, 03:55 PM
I'll take a shot.

Yes he owns the business..He also contracts with Chrysler. Chrysler is filing for bankruptcy..he's screwed. Dims da breaks.

But, what in all that causes him to lose the buildings he owns, etc.?

Sure, the cars won't be as sellable, DEM's the breaks. But taking the entire dealership away from him??? For no compensation?

Mr. P
05-20-2009, 04:02 PM
But, what in all that causes him to lose the buildings he owns, etc.?

Sure, the cars won't be as sellable, DEM's the breaks. But taking the entire dealership away from him??? For no compensation?

It says "my Dodge franchise" not buildings he owns. I think it's a business deal that sux..but I'm pretty sure legal. Ya pays yer money an takes yer chances.

Kathianne
05-20-2009, 05:43 PM
If true, this is stunning. Part of me says it can't be true. I'm trying to find ways to verify or disprove it.

It does jive with President Obama's stated intention to "return the wealth to its 'rightful' owners", and otherwise "spread the wealth around". But I frankly didn't expect him to do it in such a baldfacedly larcenous way.

------------------------------------

http://www.americanthinker.com/blog/2009/05/letter_from_a_dodge_dealer.html

Letter to the editor

My name is George C. Joseph. I am the sole owner of Sunshine Dodge-Isuzu, a family owned and operated business in Melbourne, Florida. My family bought and paid for this automobile franchise 35 years ago in 1974. I am the second generation to manage this business.

We currently employ 50+ people and before the economic slowdown we employed over 70 local people. We are active in the community and the local chamber of commerce. We deal with several dozen local vendors on a day to day basis and many more during a month. All depend on our business for part of their livelihood. We are financially strong with great respect in the market place and community. We have strong local presence and stability.

I work every day the store is open, nine to ten hours a day. I know most of our customers and all our employees. Sunshine Dodge is my life.

On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them. My new vehicle inventory consists of 125 vehicles with a financed balance of 3 million dollars. This inventory becomes impossible to sell with no factory incentives beyond June 9, 2009. Without the Dodge franchise we can no longer sell a new Dodge as "new," nor will we be able to do any warranty service work. Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service. There is no offer from Chrysler to buy back the vehicles or parts inventory.

Our facility was recently totally renovated at Chrysler's insistence, incurring a multi-million dollar debt in the form of a mortgage at Sun Trust Bank.

HOW IN THE UNITED STATES OF AMERICA CAN THIS HAPPEN?

THIS IS A PRIVATE BUSINESS NOT A GOVERNMENT ENTITY

This is beyond imagination! My business is being stolen from me through NO FAULT OF OUR OWN. We did NOTHING wrong.

This atrocity will most likely force my family into bankruptcy. This will also cause our 50+ employees to be unemployed. How will they provide for their families? This is a total economic disaster.

HOW CAN THIS HAPPEN IN A FREE MARKET ECONOMY IN THE UNITED STATES OF AMERICA?

I beseech your help, and look forward to your reply. Thank you.

Sincerely,

George C. Joseph
President & Owner
Sunshine Dodge-Isuzu

----------------------------------------------------------------

Before you ask, yes, this guy is legitimate:

SUNSHINE DODGE INC
840 SO HARBOR CITY BLVD 41373 DT
MELBOURNE, FL 32901-1999
GEORGE C JOSEPH

Yep, http://www.sunshinedodgeisuzu.com/

Kathianne
05-20-2009, 05:45 PM
Yep, http://www.sunshinedodgeisuzu.com/

and here are the diverse group of people that may be out of jobs, in an area where jobs are not easy to come by:

http://www.sunshinedodgeisuzu.com/staff.html

bet a lot of them voted for hope and change.

Binky
05-23-2009, 07:02 AM
I'll take a shot.

Yes he owns the business..He also contracts with Chrysler. Chrysler is filing for bankruptcy..he's screwed. Dims da breaks.


I have to agree. He's in contract with Chrysler and they are heading to bankruptcy court, so that means any dealings they have with auto dealers etc. are null and void. I'm afraid he's shafted.