Posted on 09/02/2022 1:39:38 PM PDT by Oldeconomybuyer
Sept 2 (Reuters) - General Motors Co said Friday it will offer all of its estimated 2,000 U.S. Buick franchise dealers buyouts as it moves to make the brand all-electric by 2030 in the United States.
The Wall Street Journal reported the news earlier, quoting Global Buick chief Duncan Aldred who is set to discuss the plans with dealers Friday in a virtual meeting. He noted shifting to EVs will require significant investments by Buick dealers.
"So if they want to exit the Buick franchise, then we will give them monetary assistance to do so," Aldred told the newspaper.
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