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Article: Ford seeks buyout of all Indianapolis dealerships. (Ford Motor Co.)
- Article from:
- Automotive News
- Article date:
- May 12, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ford Motor Co., rocking the world of traditional auto dealerships in the United States, wants to acquire control of all Ford and Lincoln-Mercury dealerships in metropolitan Indianapolis.
Ford last week asked Ford and Lincoln-Mercury dealers in the Indianapolis market to sell to a new company to be owned by Ford and the dealers. The 18 dealerships would be replaced with about five megastores.
The experimental megastores would be operated by a new venture as early as the end of the year, said Robert Rewey, Ford group vice president of marketing and sales.
Ford's proposal is still another big battle-front in the revolution under way in auto retailing. ...