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22nd
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"The [US] automotive industry cannot support the number of dealers currently in the marketplace. From 1990 until 2007, the industry averaged roughly 16m new vehicles sold each year. In 2009, new vehicles sold are expected to be 10.5m units," Chrysler sales and marketing chief Steven Landry said, as the company provided more detail of its thoughts over the 'rejection' of some 789 dealers. Full story...