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<blockquote data-quote="Weather Man" data-source="post: 16537909" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>GM wants dealers to embrace electric Hummer</strong></span></p><p>Dec. 08, 2020 12:06 PM ET<a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AGM" target="_blank">General Motors Company (GM)</a><a href="https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Clark Schultz</a>, SA News Editor</p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">GM</a> -1.0%) says it is using a different strategy with the <a href="https://www.cnbc.com/2020/12/08/gmc-will-not-offer-buyouts-to-dealers-who-dont-want-to-sell-hummer-evs.html?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">rollout</a> of electric Hummers and won't offer buyouts to franchise owners not wanting to invest in the EV concept.</li> <li data-xf-list-type="ul">About 150 Cadillac dealers took buyouts offered by GM for that brand's EV pivot.</li> <li data-xf-list-type="ul">Close to half of the 1,695 GMC dealers have agreed to invest and sell electric vehicles, beginning in the fall of 2021 with the Hummer EV pickup. The dealer investments include outlays for training and charging infrastructure.</li> <li data-xf-list-type="ul">The Hummer is the debut vehicle for GM's next-gen Ultium batteries and architecture platform.</li> <li data-xf-list-type="ul">Wedbush thinks the new Hummer will take <a href="http://seekingalpha.com/screeners/new?quantRating=covered&sector=25&source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">GM into the EV fast lane</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16537909, member: 137766"] [size=6][b]GM wants dealers to embrace electric Hummer[/b][/size] Dec. 08, 2020 12:06 PM ET[URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AGM']General Motors Company (GM)[/URL][URL='https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Clark Schultz[/URL], SA News Editor [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']GM[/URL] -1.0%) says it is using a different strategy with the [URL='https://www.cnbc.com/2020/12/08/gmc-will-not-offer-buyouts-to-dealers-who-dont-want-to-sell-hummer-evs.html?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']rollout[/URL] of electric Hummers and won't offer buyouts to franchise owners not wanting to invest in the EV concept. [*]About 150 Cadillac dealers took buyouts offered by GM for that brand's EV pivot. [*]Close to half of the 1,695 GMC dealers have agreed to invest and sell electric vehicles, beginning in the fall of 2021 with the Hummer EV pickup. The dealer investments include outlays for training and charging infrastructure. [*]The Hummer is the debut vehicle for GM's next-gen Ultium batteries and architecture platform. [*]Wedbush thinks the new Hummer will take [URL='http://seekingalpha.com/screeners/new?quantRating=covered§or=25&source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']GM into the EV fast lane[/URL]. [/LIST] [/QUOTE]
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