Almost half of Buick dealers across the United States have opted to take buyouts from General Motors (GM) to avoid having to sell Electric Vehicles (EVs) at a time when consumer reports show Americans are increasingly turned off by the cars.According to GM, almost 1,000 of its nearly 2,000 Buick dealerships across the U.S. chose to take buyouts from the parent company rather than investing potentially millions into retooling and prepping dealers to service and sell EVs.The buyouts mean that GM will now have just about 1,000 Buick dealerships across the nation as the automaker moves forward with adhering to President Joe Biden’s green energy agenda.The Wall Street Journal reportsealers who are taking the buyout would give up the Buick franchise and no longer sell the brand, he said. The dealer can continue to sell other GM models, such as Chevrolet or GMC, that often account for a higher percentage of sales. [Emphasis added]The Journal reported in late 2022 that the automaker planned to offer buyouts to its U.S. Buick dealer network. The move came after the Detroit automaker gave them a choice: Invest at least $300,000 to sell and service EVs, or exit the Buick franchise. The investments would cover electric-vehicle chargers and worker training, among other initiatives. [Emphasis added] - Breitbart
ealers who are taking the buyout would give up the Buick franchise and no longer sell the brand, he said. The dealer can continue to sell other GM models, such as Chevrolet or GMC, that often account for a higher percentage of sales. [Emphasis added]The Journal reported in late 2022 that the automaker planned to offer buyouts to its U.S. Buick dealer network. The move came after the Detroit automaker gave them a choice: Invest at least $300,000 to sell and service EVs, or exit the Buick franchise. The investments would cover electric-vehicle chargers and worker training, among other initiatives. [Emphasis added]
