Buick Set To Offer Buyouts To Dealers Who Refuse To Invest In EV Future via insideevs.com
is determined to keep the iconic brand alive and prepared for electrification. Earlier this week, a spokeswoman confirmed buyouts would be offered to Buick dealers who are unwilling to invest in the charging infrastructure and showroom upgrades required.
"Not everyone necessarily wants to make that journey, depending on where they're located or the level of expenditure that the transition will demand. So if they want to exit the Buick franchise, then we will give them monetary assistance to do so." Buick currently has 1,963 dealers in the US, however only 13 of those are standalone dealerships. The rest are paired with at least one other GM brand. Back in 2020, GM made a similar move with Cadillac and bought out around 300 dealerships that were unwilling to invest around $200,000 to prepare for the electric age.
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