The Washington Post

GM offers buyouts to U.S. Buick dealers


General Motors said Friday that it will offer all of its estimated 2,000 U.S. Buick franchise dealers buyouts as it moves to make the brand allelectri­c by 2030 in the United States.

Global Buick chief Duncan Aldred noted shifting to EVS will require significan­t investment­s by Buick dealers, according to reporting from the Wall Street Journal.

“So if they want to exit the Buick franchise, then we will give them monetary assistance to do so,” Aldred told the Journal.

Buick said in June it plans to introduce its first EV in 2024, but did not provide specifics.

“The future dealer requiremen­ts are a logical and necessary next step on our path towards electrific­ation to ensure our dealers are prepared to properly sell and service these unique vehicles,” a GM spokeswoma­n told Reuters Friday.

Last year, GM’S Cadillac brand said it had thinned its dealer network as it shifts to EVS, saying it has nearly 40 percent fewer U.S. dealers than in 2018.

Buick traces its roots back nearly 120 years — five years before GM’S 1908 founding — to an era when electric cars briefly outsold gasoline models in the United States. All Buicks sold back then were gasolinepo­wered.

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