[AllTerrain]

A GMC exec said they will not be going down a similar strategy as Cadillac with buyout offers.

AutoNews Now: GMC won't offer buyouts to EV-wary dealers Video from Automotive News

GMC won't offer buyouts to EV-wary dealers | Nissan continues 'product onslaught' | Acura's redesigned MDX | PPP lawsuit withdrawn | BMW's Amazon data hub | Tesla's $5B stock sale

www.autonews.com

 

[Tom E-Tron]

A GMC exec said they will not be going down a similar strategy as Cadillac with buyout offers.

AutoNews Now: GMC won't offer buyouts to EV-wary dealers Video from Automotive News

GMC won't offer buyouts to EV-wary dealers | Nissan continues 'product onslaught' | Acura's redesigned MDX | PPP lawsuit withdrawn | BMW's Amazon data hub | Tesla's $5B stock sale

www.autonews.com

Makes sense, GMC is not going to be an All EV brand at least short term, so dealers can choose to carry EV's, or not. Sometime GMC Customers will force GMC dealers decisions if GMC EV's become popular enough.

 

[StillHummer]

Makes sense, GMC is not going to be an All EV brand at least short term, so dealers can choose to carry EV's, or not. Sometime GMC Customers will force GMC dealers decisions if GMC EV's become popular enough.

Well said Tom, I agree completely.

 

[JimsH3]

Apparently dealers are getting $500,000 for the buyout from Cadillac.

GM will pay Cadillac dealers iffy on EVs $500,000 to buzz off

If dealers aren't sold on electric vehicles, GM will offer them a buyout instead.

www.cnet.com

 

[Tom E-Tron]

Apparently dealers are getting $500,000 for the buyout from Cadillac.

GM will pay Cadillac dealers iffy on EVs $500,000 to buzz off

If dealers aren't sold on electric vehicles, GM will offer them a buyout instead.

www.cnet.com

That is not entirely accurate, GM is negotiating with each dealer to buy out their franchise, some get as low as $200K to as high as $1m, depends on the size of the dealer, and how much GM wanted to get rid of them.