Major dealership groups are prioritizing acquisitions of luxury-brand stores with robust fixed operations, as they seek to offset softening new-car margins and demand.
While localization could offer long-term benefits such as reduced reliance on foreign suppliers and greater control over intellectual property, it comes with significant short-term costs.
Ford CEO Jim Farley applauded dealers after concluding a six-week dealer engagement tour visiting with a third of Ford's nearly 3,000 U.S. dealers, reports the Detroit Free Press.
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