Denny Hecker closes 6 dealerships
The St. Louis Park based car dealership, Denny Hecker, announced Friday night that six of their Twin Cities dealerships would be closing and three others would be sold. Approximately 400 employees will lose their jobs as a result of this.
The Hecker Automotive group said the poor economy and auto industry crisis is forcing them to make this decision. The dealerships that will be affected are those kocated in Blaine, Forest lake, Monticello, Roseville, Shakopee, and Stillwater. Inver Grove Heights Hyundai, Inver Grove Heights Volkswagen and Peninsula Dodge are being sold, and will be closed until their purchases are finalized.
According to WCCO, Denny Hecker Automotive Group President Barbara Jerich said Friday, "The decision to realign our dealership came as we found ourselves in the midst of a 'perfect storm' of economic bad news: a financial crisis on Wall street, chaos in the housing market, consumer confidence at all time low, and the sight of the Big Three on their knees in Washington asking for a bailout loan."