dmw56
Busted and Rusted on Route 66
This was some bad and sad news today. The bad economy is finally hitting New Mexico! We were wondering here if there would be a Muscle Car Show this year and with this happening I believe the awnser is NO, since they were a major sponsor.
ALBUQUERQUE, N.M. -- The struggling economy has taken its toll on one of New Mexico's largest auto dealers.
Zangara Dodge closed its doors Tuesday night, at least for now. Ken Zangara told his employees they had just worked their last day.
"I thought it was just another meeting to say we are still open and this and that. Ken came downstairs to say with a sad face that I'm going to have to let you guys go," said former employee Brandon Banas.
Zangara issued a statement reading: "All employees will receive all earned pay, 401k investments and all entitled benefits. I am still fighting to save this store but will help them in finding another job."
Zangara formed the dealership in 1991. It quickly became one of the state's largest volume Dodge dealerships. Over the past year, business has slowed significantly. In fact, Zangara went to Washington earlier this year to lobby Congress for a rescue package for U.S. automakers.
In a phone conversation Tuesday night, Zangara told Action 7 that a deal is in the works to sell the dealership but he wouldn't explain further.
ALBUQUERQUE, N.M. -- The struggling economy has taken its toll on one of New Mexico's largest auto dealers.
Zangara Dodge closed its doors Tuesday night, at least for now. Ken Zangara told his employees they had just worked their last day.
"I thought it was just another meeting to say we are still open and this and that. Ken came downstairs to say with a sad face that I'm going to have to let you guys go," said former employee Brandon Banas.
Zangara issued a statement reading: "All employees will receive all earned pay, 401k investments and all entitled benefits. I am still fighting to save this store but will help them in finding another job."
Zangara formed the dealership in 1991. It quickly became one of the state's largest volume Dodge dealerships. Over the past year, business has slowed significantly. In fact, Zangara went to Washington earlier this year to lobby Congress for a rescue package for U.S. automakers.
In a phone conversation Tuesday night, Zangara told Action 7 that a deal is in the works to sell the dealership but he wouldn't explain further.
