Remove Buick Remove Dealers Remove Global
article thumbnail

Buick launches VELITE 7 EV and VELITE 6 PHEV in China

Green Car Congress

Buick has strengthened its commitment to electrification in China with the launch of the VELITE 7 electric vehicle and VELITE 6 plug-in hybrid electric vehicle (PHEV). The VELITE 7 is the first all-electric SUV in Buick’s new energy vehicle portfolio, offering 500 kilometers (311 miles) of range on a single charge. Buick VELITE 7.

Buick 403
article thumbnail

Buick offers dealer buyouts in advance of EV remake for GM brand

Green Car Reports

Buick dealers uninterested in remaining with the brand for its EV remake, the head of Buick said in an interview with The Wall Street Journal published Friday. All of Buick's roughly 2,000 U.S. dealers will be given the opportunity to take a buyout, Global Buick boss Duncan Aldred said in the interview.

Buick 196
article thumbnail

Report: Chevy not planning dealer buyouts over EVs as GM offered for Buick, Cadillac

Green Car Reports

Chevrolet won't follow sibling General Motors brands Buick and Cadillac in offering buyouts to dealerships that don't want to sell electric vehicles, a GM executive said in a recent interview with The Verge.

Buick 209
article thumbnail

GM will offer U.S. Buick franchise dealers buyouts

Teslarati

General Motors said that it will offer all of its Buick franchise dealers in the U.S. In June 2022, Buick announced plans to go all-electric by 2030 starting with a crossover SUV in 2024. Global Vice President of Buick and GMC, Duncan Aldred, told WSJ that shifting to EVs will require significant investments by Buick dealers.

Buick 117
article thumbnail

Buick Dealerships Taking Buyouts, EV Sales Program Rejected By 47 Percent

The Truth About Cars

Buick reportedly spent 2023 closing a lot of dealerships. While the total sum can vary by hundreds of thousands, based on the size and needs of individual dealerships, the average Buick showroom is estimated to be paying somewhere around $350,000 to make the changes necessary to satisfy General Motors. sales, Aldred said.

Buick 104
article thumbnail

GM outlines plans for China with 17 launches this year; developing advanced propulsion and electrification tech in China

Green Car Congress

GM is also in the process of bringing Cadillac’s entire global portfolio to China, adding one locally produced model per year through 2016. With more new models, the expansion of its local manufacturing capability and a growing dealer network, GM expects to increase Cadillac sales from 30,000 units last year to 100,000 units in 2015.

China 246
article thumbnail

Buick dealers in rural areas move toward buyout instead of EV adoption

Teslarati

Buick dealers in rural areas are moving in favor of buyouts from General Motors instead of shifting toward EV adoption, dealerships said. In September , GM said it would offer Buick dealerships in the U.S. GM is not the only company attempting to push dealers to transition to predominant EV sales over the next decade.

Buick 79