FORD eyes trimming dealerships 

FORD eyes trimming dealerships

In the news: Ford is planning to trim the number of dealerships it has in 18 metropolitan areas across the U.S. because of waning car and truck sales. Ford's market share has declined from around 26 percent in the 1990s to 17 percent at the end of July.

The move is reportedly part of the automaker’s plans to extend its North American restructuring to its retail network by consolidating dealerships. The Detroit automaker currently has about 4,300 Ford and Lincoln-Mercury dealerships in the U.S.

The company however, is yet to identify exactly what markets would be targeted.