7 of 7
BACKNEXT
Lloyd's Chrysler & Toyota
Lloyd's Chrysler & Toyota
Scott Krein (right) and his father, Larry, run the North Dakota dealership that was started by Scott's grandfather.
Manager: Scott Krein
Location: Jamestown, N.D.

"My grandfather started the store in 1954. My dad, Larry, is the current owner. We've got 13 employees.

We got the letter and saw the news almost simultaneously. It was a kick in the pants. Reporters were calling us and we felt like celebrities - but for all the wrong reasons.

Yesterday we were flying the flag at half-mast, but we do think we'll persevere. In 1969, we started selling Toyota vehicles and doing service for Toyota vehicles, so we'll keep moving with that. It's good from a marketing standpoint because we're the only ones in the area that are selling imported cars.

Also, we'll continue to service Chrysler vehicles even though there won't be any more warranty work. All my employees will stay on board, even if I have to sacrifice my own salary.

We're also lucky because we've been approached by other dealers not on cut list, who are trying to help us, the sacrificial lambs. They've asked to buy existing inventory.

I don't know why we were cut, but I suspect that it was because we are also a duel dealer for a competing brand. I've noticed that's the case with a lot of the other guys on the list. But that doesn't make any sense to me. The name of a car you have under your roof doesn't mean it will help or hurt the other cars." - as told to Emily Maltby

More galleries

Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: May 18 2009 | 5:30 PM ET
Sponsored by
More Galleries
6 designers shaking up fashion These designers are changing the way we dress, accessorize and shop, from custom made-to-fit dresses to smart jewelry that's actually stylish. More
8 must-have travel apps Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More
Secrets to success from Smalltown USA Utah State professor Michael Glauser cycled 4,000 miles this summer, visiting 100 entrepreneurs across the country. Here's a snapshot of how they grew their businesses. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.