Motor vehicle dealer CMC Motors has lost its mainstay Ford franchise to rival Salvador Caetano which will start selling the American brand of pick-ups and sports utility vehicles in July.
This marks the latest franchise loss for CMC under the ownership of Dubai-based multinational Al-Futtaim Group which in 2014 acquired the company for Sh7.5 billion after it had been paralysed by internal wars pitting its main shareholders.
