General Motors is giving some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.
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In a bid to revamp Lincoln’s long-lost luxury image, Ford Motor will seek to reduce by about a third the number of dealers who sell Lincoln vehicles in the nation’s top 130 metropolitan markets.
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In a bid to better compete against European and Japanese luxury makes, Ford reportedly may seek to reduce the number of Lincoln dealerships in the U.S. Nearly 1,200 dealers sell Lincolns, five times more than sell Toyota’s Lexu…
Eager for fresh products to sell to consumers, Chrysler dealers are vying for about 165 Fiat franchises. Fiat took over management of Chrysler last year as the carmaker was heading into bankruptcy.
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