Chrysler to terminate 25 percent of U.S. dealers

Chrysler LLC sent letters on Thursday to all its U.S. dealers notifying them about its plans to eliminate nearly 800 of its retail showrooms, according to a source briefed on the plan.

The automaker has sent letters to all its dealers and expects to file a motion with the bankruptcy court shortly detailing dealer closure plans, spokeswoman Kathy Graham said.

Everybody is getting a letter, she said but declined to elaborate.

Chrysler has just under 3,200 U.S. dealerships.