Three major Central Valley businesses shut down
SACRAMENTO
June 30, 2008
6:01am
• Auto dealer, furniture chain among closures
• Dan Gamel shuts down
One of the largest Ford dealers in the northern part of the Central Valley has shut down, one of several well-known regional companies apparently succombing to the weak economy.
Elk Grove Ford, based in the in the Elk Grove Auto Mall, closed Friday evening.
Owner Keil Enterprises has not commented publicly on reasons for the shutdown. The number of people losing their jobs is not known. Earlier this year it shut down its Great Valley Chrysler-Jeep-Mazda-Isuzu dealership in Sacramento.
Iconic Central Valley recreational vehicle dealership owner Dan Gamel is also shutting down, closing all six of his company’s outlets, from Bakersfield to Redding. The action will cost about 200 people their jobs.
The company, once described as the nation’s fourth largest RV dealer, shut down other locations in Santa Rosa and Chico earlier in the year, saying the weak economy, the credit crunch and high gas and diesel prices were the reasons.
And the six-store furniture retailer RoomSource Furniture & Accessories of Sacramento, has filed for Chapter 11 bankruptcy protection.
The company has been in business for 11 years. Going-out-of-business sales are underway. About 200 workers will lose their jobs.