Mercury Dealers Want More Before Closing
Published Tuesday, 17 August, 2010 by Blog Admin. Categories: News.
The end of Mercury is looming: in less than two months the final Mercury models will roll off assembly lines. No more new Mariners and Milans. The circular logo will cease to exist.
With that, 1700 Mercury-specific dealerships nationwide are either closing their doors or morphing into the LINCOLN brand. 1000 dealers signed an agreement with Ford (Mercury's parent company) to take a moderate sum of money and walk on. But many of those 1000 are starting to feel like they've been a little stiffed.
Dealer lawyers claim compensation ranges from $100,000 to $800,000, depending on…
With that, 1700 Mercury-specific dealerships nationwide are either closing their doors or morphing into the LINCOLN brand. 1000 dealers signed an agreement with Ford (Mercury's parent company) to take a moderate sum of money and walk on. But many of those 1000 are starting to feel like they've been a little stiffed.
Dealer lawyers claim compensation ranges from $100,000 to $800,000, depending on…