Scott Olson/Getty Images
Stanley Balzekas, 85, above, learned this week that his Balzekas Chrysler dealership will lose its franchise. His father started the Chicago business in 1926. The Getty photographer who took the picture notes that Balzekas cried when he opened the letter telling him he was one of 789 dealers Chrysler is closing as it restructures.
Today, General Motors plans to notify 1,100 dealers that it won't be renewing their franchise agreements.
categories: Economic Scene
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