Buick to offer buyouts to U.S. dealers
as brand prepares for all-electric future
Posted By: NorthernDog, 9/2/2022 8:18:18 PM
General Motors Co. will offer buyouts to Buick dealers in the U.S. who decide not to opt in to the brand's plans to be all-electric by 2030, the company confirmed Friday. The news first was reported by the Wall Street Journal ahead of a Buick dealer meeting on Friday. The buyout program would be open to all of the brand's 2,000 U.S. dealers, according to spokeswoman Michelle Malcho. Dealers who accept the buyout still would be able to sell other GM brands, as the program applies only to the Buick franchise. Malcho said the brand does not have a target
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Comments:
Buick's market share is barely 1%. GM probably wants to get rid of it so will sacrifice the brand to the EV gods.