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Buick offers dealer buyouts in advance of EV remake for GM brand

Green Car Reports

General Motors will offer buyouts to U.S. Buick dealers uninterested in remaining with the brand for its EV remake, the head of Buick said in an interview with The Wall Street Journal published Friday. All of Buick's roughly 2,000 U.S.

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Report: Chevy not planning dealer buyouts over EVs as GM offered for Buick, Cadillac

Green Car Reports

Chevrolet won't follow sibling General Motors brands Buick and Cadillac in offering buyouts to dealerships that don't want to sell electric vehicles, a GM executive said in a recent interview with The Verge.

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GM will offer U.S. Buick franchise dealers buyouts

Teslarati

General Motors said that it will offer all of its Buick franchise dealers in the U.S. In June 2022, Buick announced plans to go all-electric by 2030 starting with a crossover SUV in 2024. “So if they want to exit the Buick franchise, then we will give them monetary assistance to do so,” he said.

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Buick Dealerships Taking Buyouts, EV Sales Program Rejected By 47 Percent

The Truth About Cars

Buick reportedly spent 2023 closing a lot of dealerships. The brand lost 47 percent of its American retail locations through the year, which has been attributed to General Motors buying out storefronts that refused to invest in the necessary changes required to sell all-electric vehicles. The network, where we are now, is a good size.

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Buick dealers expect to spend at least ‘$300 to $400K’ to sell EVs as the brand goes all-electric

Electrek

General Motors is giving its Buick dealers an ultimatum – invest in the company’s future as it transitions to an all-electric future, or take a buyout. However, with the minimum upfront costs ranging from $300,000 to $400,000, some Buick dealers are apparently taking GM up on its buyout offer.

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Buick dealers in rural areas move toward buyout instead of EV adoption

Teslarati

Buick dealers in rural areas are moving in favor of buyouts from General Motors instead of shifting toward EV adoption, dealerships said. In September , GM said it would offer Buick dealerships in the U.S. GM is not the only company attempting to push dealers to transition to predominant EV sales over the next decade.

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GM Dealers Want Hybrids Instead of More EVs

The Truth About Cars

General Motors is pushing ahead with plans to become an electric automaker, but the road toward that goal hasn’t been the easiest so far. A GM advisory committee with several dealers is leading the messaging, saying that they believe the automaker risks losing customers with an overly aggressive electrification strategy.

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