Nov 21, 2008 9:44 pm US/Central
Denny Hecker Announces Closure Of 6 Dealerships
(WCCO)
-
-
Denny Hecker's, Roseville
CBS
Legendary Twin Cities Car Dealer Denny Hecker has announced he is closing six dealerships and selling three others effective immediately.
Four-hundred employees in the Twin Cities are going to be out of a job.
The Hecker Automotive group is saying the sour economy and the crisis in the auto industry is forcing its hand. The dealerships that will be shut down tomorrow are the Blaine Bargain lot, Forest Lake Chrysler Jeep Dodge Mitsubishi, Monticello Dodge Ford and Mercury, Rosedale Hyundai, Shakopee Chrysler Jeep Dodge, and Stillwater Ford Lincoln Mercury.
For vehicles being repaired at these dealers, a spokesperson for the Hecker automotive groups says they will either finish the repair or service there or move the car to another dealership to finish the repairs.
In a statement Friday night, Denny Hecker Automotive Group President Barbara Jerich said, "The decision to realign our dealership came as we found ourselves in the midst of a 'perfect storm' of economic bad news: a financial crisis on Wall street, chaos in the housing market, consumer confidence at all time low, and the sight of the Big Three on their knees in Washington asking for a bailout loan."
Hecker says he is restructuring his company to focus on the dealerships with the most potential.
Hecker automotive will continue to run seven car dealerships, six in Minnesota and one in Los Angeles.
They are Brainerd Toyota, Inver Grove Heights Toyota, Los Angeles Hyundai, Pine City Car and Truck City, Southview Chevrolet, St. Cloud Hyundai, and Stillwater Cadillac Pontiac GMC.
Hecker announced the sale of three other local dealerships in the Twin Cities. They are Inver Grove Heights Hyundai, Inver Grove Heights Volkswagon and Peninsula Dodge.
(© MMIX, CBS Broadcasting Inc. All Rights Reserved.)
IRS Looks To Return $1.3M To Minnesotans
Click to enlarge
Stumble It!
Reporting
