Chrysler Group has reached an agreement to sell its factory-owned dealership in Los Angeles. Hit the jump to read the rest of the story.
Funk Flex
If the deal to sell Motor Village of L.A. is completed, it could stave off disciplinary action by the California Department of Motor Vehicles, which filed administrative charges last week accusing Chrysler of improperly operating a factory-owned store at Motor Village.
A Sept. 27 meeting on the charges is scheduled before the California New Motor Vehicle Board, which acts like a court to settle auto franchise issues.
The prospective buyer is New Century Automotive Group, a North Hollywood, Calif., group that owns three Volkswagen dealerships and single BMW, Mini and Infiniti stores. New Century is owned by Dennis Lin.
Chrysler spokesman Ralph Kisiel said: “We will work expeditiously to close the deal in October.”
Chrysler held the grand opening for the store with great fanfare last November on the eve of the Los Angeles Auto Show. Chrysler CEO Sergio Marchionne attended the event. The company said it wanted to use the store as a showcase for its vehicles and a test bed for new retail techniques.
The dealership opened for business early this year.
