Chrysler memo says 789 dealers will close by June 9

From Automotive News:

By Bradford Wernle

Chrysler LLC will eliminate 789 dealers, or 25 percent of its U.S. network, by June 9, according to a memo sent today to retailers in one sales region.
Dealers are learning of their fate via UPS letters to be delivered this morning, the memo says.
Dealers will get 23 business days for a "court review" of their cases, according to the memo, from a sales manager to district dealers.
"All of this information is subject to change," the memo says. Chrysler officials said they could not comment until documents are filed in U.S. Bankruptcy Court.
"Chrysler will not be required [per bankruptcy law] to buy back the vehicles or tools and parts from rejected dealers," the memo says. "We will match you with an accepted dealers(s) to buy your parts, tools and vehicles."
The memo says Chrysler will send letters to 4 million customers of the rejected dealers after June 9, when the stores are to close.
In the memo, Chrysler says that after the closings, 80 percent of its dealers will carry all three brands under one roof, compared with 62 percent currently. Since early 2008, Chrysler has been consolidating its dealer body under Project Genesis, a plan to put the Dodge, Jeep and Chrysler brands under one roof wherever possible.