GM’s luxury arm is paying dealers unwilling to invest in EV sales to give up their franchise agreements.
As Cadillac gears up to become a manufacturer of electric vehicles, it’s reached a point where it needs to start preparing its dealer network for the change. This means lots of costly and mandatory upgrades to their facilities for franchised dealers unless GM gives them a way out of their franchise agreements.
According to a report published Friday by the Wall Street Journal, that’s precisely what GM is doing. Specifically, GM is giving Cadillac dealers a choice between giving up their ability to sell any Cadillac and taking a buyout or investing hundreds of thousands of dollars into an uncertain future.
There once was a time when owning a Cadillac meant you have arrived.
Now Cadillac is infested with GM bean counter bureaucracy and poor products.
I wonder what Cadillac will do when they’re down to 3 dealer nationwide?
Shame! GM overpriced junk!
GM has some 4500 US dealerships. This story is basically a big “so what”
government motors! yeah I want one! NOT! pos cars and company!