One bankrupted company is Chrysler, which was forced to close many of its dealerships, but, with these closings, Chrysler owners are finding themselves with questions about their vehicle.
One question is whether a warranty for a Chrysler brand vehicle will still be honored if the car was purchased from a dealership that has closed or if an upcoming purchase at a soon-to-be closed dealership would be under warranty in the future.
Scott Brittingham Jr., the general manager of Wetmore's Inc. on Danbury Road in New Milford, wants to assure people that their warranties will be honored at Wetmore's.
"We're here to stay, we can service Chrysler," Mr. Brittingham said, adding that Wetmore's services all makes and models.
With regard to the auto-industry's current woes, Mr. Brittingham believes that, although he can't speak for other companies, as far as Chrysler is concerned, "the bottom has already happened."
Mr. Brittingham also spoke about the great deals that are now available thanks in large part to the crisis, as companies have been lowering prices in order to encourage people to spend their money.
"We've seen traffic pick up," Mr. Brittingham said of Wetmore's recent business.
Mr. Brittingham encouraged local residents to continue to support the dealerships in New Milford, as he and the other area automotive firm owners would like to continue to do business in New Milford and not see local residents go to out-of-town dealerships for their vehicular needs.
Chrysler filed for Chapter 11 bankruptcy April 30, and 789 dealerships, 25 percent of Chrysler's total number, are to be closed down as a result. Chrysler is expected to sell its assets to Fiat, since it received court approval for the sale Monday.