Ford Motor Co. representatives continued to meet one-on-one last week with Indianapolis dealers to explain Ford's proposal to take over distribution there.
Ford wants permission to examine each dealership's operation. It will then tender a buy-out offer. Offers are not expected until at least August.
The dealer may keep the money or invest all or part of it in the new corporation, Ford Division General Manager Ross Roberts said in his satellite TV address to dealers last week. He called the proposed company 'Ford of Indianapolis.'
The corporation will be financed solely by Ford and the dealers' investments, Roberts said.
He said Ford chose the 1.5-million-person Indianapolis market because it is average in size, location and the number of dealers.
A dealer will be appointed to run the operation. Said Roberts: 'We tried in the past to run stores and we've not done a very good job.'