Buick offers to buy out dealers who don’t want to make the switch to electric cars
Buick is offering to buy out dealers who don’t want to make the necessary investments to upgrade to electric vehicles, The Wall Street Journal reports.
In an interview with WSJ, Global Buick chief Duncan Aldred said that all 2,000 Buick franchise dealers in the US will be given the opportunity to take a buyout. Taking the buyout means the dealer will no longer be affiliated with the Buick brand and can no longer sell Buick vehicles, although they can still sell other General Motors vehicles.
Buick is in the midst of rebranding as EV-only, with the goal to make the switch to 100 percent electric sales by the end of the decade. That will require dealers to spend a lot of money on upgrades, like chargers and EV-specific repair equipment....