There’s no secret that the recession seriously struck down the auto industry. As one of the crisis measures, automakers decided to close down dealerships all over the United States. Chrysler Group LLC decided to close down 789 franchises in June, while General Motors has said it will slash 2,400 retail locations of its own by the fall of 2010.
So what happens to the empty spaces, especially considering the depressed real estate market? Associated Press notes that the once glamorou… (read more)