Chrysler LLC will terminate franchise agreements with three of the seven Charleston area locations that sell its cars and trucks as part of a bankruptcy restructuring plan.
Strom Altman Dodge at 2049 Remount Ave. in North Charleston and two Hoover Chrysler Dodge dealerships — one at 200 Trolley Road in Summerville and 2250 Savannah Highway in West Ashley — will lose their franchise agreements.
Chrysler filed papers with the U.S. Bankruptcy Court in New York on Thursday to terminate the deals. The automaker plans to eliminate 789 of its 3,200 dealerships would close at least 14 stores in North Carolina and 11 in South Carolina.
Mark Hoover of Hoover Chrysler Dodge Jeep, which will keep its other Summerville store and a Moncks Corner location, said it was a difficult morning at the family-owned dealership.
"It's a big deal for the economy and a big deal for the city for sure," he said. "I don't think anybody is prepared ... to be relieved of your franchise until it actually happens."
He said Hoover Chrysler's view is that it lost one dealership because the Trolley Road site will be effectively combined with the other store on nearby Marymeade Drive. He said the company's Savannah Highway property will remain as a car business.
Strom Altman, owner of Strom Altman Dodge, declined to discuss Chrysler's decision Thursday morning.
"I don't want to comment on it at this point," he said.
The Rick Hendrick Dodge and Rick Hendrick Chrysler Jeep stores at 1468 Savannah Highway in Charleston and at 8333 Rivers Avenue in North Charleston, respectively, will keep their franchise agreements.
"We're very excited to be one of the dealers going forward," said Doug Thompson, general manager of Rick Hendrick Dodge in Charleston.
The Associated Press contributed to this report.
For more details, see Friday's editions of The Post and Courier.