2020-12-04 15:24:04 GM General Motors
12/04/20 12/0415:24 12/04/2015:24 | Around 17% of Cadillac dealers make choice to exit brand, WSJ reportsApproximately 150 General Motors dealers have chosen to part ways with Cadillac instead of making potentially costly upgrades needed to sell electric cars, Mike Colias of the Wall Street Journal reported, citing people familiar with the plans. GM gave Cadillac dealers an option of accepting a buyout offer or spend nearly $200,000 on dealership upgrades to equip their stores to sell electric vehicles. The 150 dealers parting ways with the brand reportedly shows skepticism toward making the pivot to battery-powered vehicles. Sources said the buyout offers ranged from about $300,000 to over $1M. Reference Link |
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Treasury Market Summary: »
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