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Subscribe to this threadFord offers to buy back 81 dealerships
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UltimoDragon @ Mar 11th 2008 2:44PM
I remember a Nightline report at least ten years ago that profiled an African-American dealer in a similar program done by GM.
After jumping through all the necessary hoops, they placed his store (he didn't have a choice) into a small midwest community. I think a day or a few days after his dealership finally opened, it was announced that the plant/factory that provided most of the area's jobs would close.
I don't know if GM or Ford ever implemented changes to their capital lending programs, but that story certainly didn't put it in a good light.