Bill Heard closes all 14 dealerships - KAIT Jonesboro, AR - Region 8 News, weather, sports

Bill Heard closes all 14 dealerships

 

COLUMBUS, Ga. (AP) - Bill Heard Enterprises, 1 of the leading sellers of Chevrolet vehicles in the country, has closed all 14 of its dealerships.

According to a company statement released Wednesday through Atlanta public relations professional Alan Ulman, the closures will affect about 2,700 employees.

The statement says the company did not have the resources to continue operating. It cites factors including rising fuel prices, an inventory dominated by trucks and SUVs, economic recession, unfavorable market conditions and the current banking and financial crises.

The Columbus-based company had five dealerships in Georgia and nine in six other states - Alabama, Arizona, Florida, Nevada, Tennessee and Texas. The Arizona dealership closed two weeks ago.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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