Ford will attempt to soothe dealers' concerns over the company's recent decision to split its EV and legacy gas-vehicle business.
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He called them"one of the biggest changes" in the history of the more than century-old company, including dealers"specializing" in certain vehicles. "We're going to bet on the dealer franchise system," Farley said."That's a different bet than I hear from others. But we're going to do it by asking them to specialize."Farley's plans add to significant pressures and changes for franchise dealers, which many Wall Street analysts view as a negative for legacy automakers such as Ford when it comes to EVs.
Ford and other legacy automakers are contractually obligated to sell through franchised dealers. Many states also have laws that block direct sales of vehicles by automakers to consumers.
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