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SVTPerformance's Chain of Restaurants
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Interesting Car/Truck Manufacturer News
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<blockquote data-quote="CobraBob" data-source="post: 16536646" data-attributes="member: 6727"><p><span style="font-size: 18px"><strong><a href="https://www.foxbusiness.com/markets/about-150-us-cadillac-dealers-to-exit-brand-rather-than-sell-electric-cars#&_intcmp=hp1r_7,hp1r" target="_blank">About 150 US Cadillac dealers to exit brand, rather than sell electric cars</a></strong></span></p><p><span style="font-size: 18px"></span></p><p><span style="font-size: 15px">About 150 <a href="https://svtperformance.com/javsacript:void(0)" target="_blank"><span style="color: #bfbfbf">General Motors Co</span></a>. dealers have decided to part ways with Cadillac, rather than invest in costly upgrades <a href="https://svtperformance.com/djml:seo:article/about-150-u-s-cadillac-dealers-to-exit-brand-rather-than-sell-electric-cars-11607111494" target="_blank"><span style="color: #bfbfbf">required to sell electric cars</span></a>, according to people familiar with the plans, indicating <a href="http://www.foxbusiness.com/category/retail" target="_blank">some retailers</a> are skeptical about pivoting to battery-powered vehicles.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">GM recently gave <a href="http://www.foxbusiness.com/category/auto" target="_blank"><span style="color: #bfbfbf">Cadillac dealer</span>s</a> a choice: Accept a buyout offer to exit from the brand or spend roughly $200,000 on dealership upgrades—including charging stations and repair tools—to get their stores ready to sell electric vehicles, these people said.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">The buyout offers ranged from around $300,000 to more than $1 million, the people familiar with the effort added. About 17% of Cadillac’s 880 U.S. dealerships agreed to take the offer to end their franchise agreements for the luxury brand, these people said.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">Most dealers who accepted the buyout also own one or more of GM’s other brands—Chevrolet, Buick and GMC—and sell only a handful of Cadillacs a month, the people familiar with the effort said.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">The skepticism from some Cadillac dealers underscores that, even as investors bid up the value of electric vehicles, questions persist about interest among consumers and the retailers who serve them.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">Here's the full article. <a href="https://www.foxbusiness.com/markets/about-150-us-cadillac-dealers-to-exit-brand-rather-than-sell-electric-cars" target="_blank">About 150 US Cadillac dealers to exit brand, rather than sell electric cars</a></span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px"> </span></p></blockquote><p></p>
[QUOTE="CobraBob, post: 16536646, member: 6727"] [size=5][b][URL='https://www.foxbusiness.com/markets/about-150-us-cadillac-dealers-to-exit-brand-rather-than-sell-electric-cars#&_intcmp=hp1r_7,hp1r']About 150 US Cadillac dealers to exit brand, rather than sell electric cars[/URL][/b] [/size] [size=4]About 150 [URL='https://svtperformance.com/javsacript:void(0)'][color=#bfbfbf]General Motors Co[/color][/URL]. dealers have decided to part ways with Cadillac, rather than invest in costly upgrades [URL='https://svtperformance.com/djml:seo:article/about-150-u-s-cadillac-dealers-to-exit-brand-rather-than-sell-electric-cars-11607111494'][color=#bfbfbf]required to sell electric cars[/color][/URL], according to people familiar with the plans, indicating [URL='http://www.foxbusiness.com/category/retail']some retailers[/URL] are skeptical about pivoting to battery-powered vehicles. GM recently gave [URL='http://www.foxbusiness.com/category/auto'][color=#bfbfbf]Cadillac dealer[/color]s[/URL] a choice: Accept a buyout offer to exit from the brand or spend roughly $200,000 on dealership upgrades—including charging stations and repair tools—to get their stores ready to sell electric vehicles, these people said. The buyout offers ranged from around $300,000 to more than $1 million, the people familiar with the effort added. About 17% of Cadillac’s 880 U.S. dealerships agreed to take the offer to end their franchise agreements for the luxury brand, these people said. Most dealers who accepted the buyout also own one or more of GM’s other brands—Chevrolet, Buick and GMC—and sell only a handful of Cadillacs a month, the people familiar with the effort said. The skepticism from some Cadillac dealers underscores that, even as investors bid up the value of electric vehicles, questions persist about interest among consumers and the retailers who serve them. Here's the full article. [URL="https://www.foxbusiness.com/markets/about-150-us-cadillac-dealers-to-exit-brand-rather-than-sell-electric-cars"]About 150 US Cadillac dealers to exit brand, rather than sell electric cars[/URL] [/size] [/QUOTE]
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