General Motors will offer a buyout to any Buick dealer that isn’t willing to invest in the brand’s all-electric shift, The Wall Street Journal reported.
Buick’s plan to transition to exclusively selling electric vehicles could cost franchisees as much as $300,000 in renovations including new charging stations, piping and equipment to service EVs, the WSJ reported. GM previously offered a similar buyout to Cadillac franchises in a $275 million move that cut 575 franchises, roughly a third of Cadillac’s dealerships, from the market.-- More...
