UPDATE 1-Chrysler to go forward with dealer arbitration


* More than 400 Chrysler dealers seek arbitration * Chrysler says it will participate in process * US Rep Hoyer thanks Chrysler CEO for working "with us" WASHINGTON, Jan 28 (Reuters) - Chrysler Group LLC will proceed with congressionally mandated arbitration for dealerships that have appealed the automaker's decision to close them down, the company said on Thursday. Chrysler terminated franchise agreements with nearly 800 showrooms last June in a bid to operate more efficiently and ...

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