About 150 Cadillac dealers taking buyouts, report says.
About 17 percent of Cadillac's dealers opted to leave the brand rather than make expensive upgrades to sell and service electric vehicles at their dealerships, The Wall Street Journal reported, citing people familiar with the plans.
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DETROIT -- Nearly 1 in 5 Cadillac dealers in the U.S. reportedly have decided to quit the brand rather than make costly upgrades to sell and service electric vehicles.
A Cadillac spokesman would not confirm how many of the brand's 880 dealers accepted the buyout offers first reported by Automotive News last month. Dealers had until Nov. 30 to decide on the offers, which generally ranged from $300,000 to more than $500,000.
https://www.autonews.com/dealers/about- ... eport-says