GM bought out nearly half of Buick dealers who opted against selling EVs:
foxbusiness.com/markets/gm-bought-out-nearly-half-buick-dealers-who-opted-against-selling-evs
Quick Glance: GM Acquires Nearly Half of Buick Dealers
- General Motors recently bought out approximately half of its Buick dealers who were opposed to the company's transition to electric vehicles.
- Roughly half of GM’s 2,000 Buick dealers opted for the voluntary buyout.
- The program remains open for additional dealers to accept the buyout instead of making the required EV-related investments to continue selling Buicks.
- Dealers who accepted the buyout will no longer sell Buick vehicles but can continue to sell vehicles from other brands under the GM umbrella, such as Chevrolet or GMC.
Story Details
| Last Updated | Dec 23 23 |
| Total Articles | 7 |
News on this topic
GM Buys Out Half of Its Buick Dealers: Those leaving the network chose not to sell electric vehicles; about 1,000 Buick dealers remain.
on.wsj.com/483MtOF
GM buys out nearly half of its Buick dealers across the country, who opt to not sell EVs
freep.com/story/money/cars/general-motors/2023/12/20/gm-buick-dealerships-buyouts/71978066007/
Half of US Buick dealers chose buyouts over selling EVs in 2023: Nearly half of Buick dealers took buyouts from GM this year instead of committing to selling and ...
electrek.co/2023/12/20/half-of-us-buick-dealers-chose-buyouts-over-selling-evs-in-2023/
More articles on this subject
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GM bought out nearly half of Buick dealers who opted against selling EVs: General Motors bought out roughly half of its Buick dealerships over the last year ...
foxbusiness.com/markets/gm-bought-out-nearly-half-buick-dealers-who-opted-against-selling-evs
GM Buys Out Half of Its Buick Dealers: Those leaving the network chose not to sell electric vehicles; about 1,000 Buick dealers remain.
on.wsj.com/483MtOF
GM buys out nearly half of its Buick dealers across the country, who opt to not sell EVs
freep.com/story/money/cars/general-motors/2023/12/20/gm-buick-dealerships-buyouts/71978066007/
Half of US Buick dealers chose buyouts over selling EVs in 2023: Nearly half of Buick dealers took buyouts from GM this year instead of committing to selling and ...
electrek.co/2023/12/20/half-of-us-buick-dealers-chose-buyouts-over-selling-evs-in-2023/
Nearly half of Buick dealers accept GM's buyout offer: Overall, Buick said it reduced its dealer count by 47% after offering the buyout program in 2022 when it ...
detroitnews.com/story/business/autos/general-motors/2023/12/20/nearly-half-of-buick-dealers-accept-gms-buyout-offer/71984652007/
Buick Dealers Don't Want To Sell EVs: Buick's transition to becoming an EV brand has been met with pushback - not from customers but from dealers...
carbuzz.com/news/buick-dealers-dont-want-to-sell-evs
Investors Focus on Labor Costs as GM Prepares to Report Earnings: For 2024, GM expects an operating profit of about $13 billion, up from the $12 ...
barrons.com/articles/labor-contract-gm-earnings-94226fac
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GM shared our driving data with insurers without consent, lawsuit claims: Motorists file class action alleging breach of contract and more after their premiums ...
theregister.com/2024/04/23/gm_insurance_class_action/
GM And Ford Just Beat Tesla At Its Own Game: Some investors think General Motors and Ford might be better off dead. But the S&P 500 automakers are still beating ...
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Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
General Motors beats quarterly results targets, raises forecast: General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised ...
reuters.com/business/autos-transportation/general-motors-beats-quarterly-results-targets-raises-forecast-2024-04-23/
Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...
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GM CEO Barra compensation fell 4% in 2023 to $27.8 million: General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S ...
reuters.com/business/autos-transportation/gm-ceo-barra-compensation-fell-4-2023-278-million-2024-04-24/
Tesla, GM, and Ford Have Had Quite a Week. All the Numbers That Matter.: Tesla ended the quarter with less than 50% BEV market share in the U.S ...
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Chicago Bears sign assistant GM Ian Cunningham to a contract extension: Ian Cunningham, who was was hired by Chicago Bears GM Ryan Poles in January 2022 ...
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GM trucks drive Q1 profitability as EVs begin to gain traction: GM positive now that contract talks with the United Auto Workers are over, and its ability to ...
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How China Can Keep the Global Electric Vehicle Market Aloft: BloombergNEF expects the country’s plug-in car sales to approach 10 million this year.
bloomberg.com/news/newsletters/2024-04-23/how-china-can-keep-the-global-electric-vehicle-market-aloft
How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me): This privacy reporter and her husband bought a Chevrolet Bolt in December ...
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You can power your home for 21 days with a Chevy Silverado EV and GM’s new bidirectional charger
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GM and Ford count on gas-powered trucks as EV growth slows: U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter ...
reuters.com/business/autos-transportation/gm-ford-count-gas-powered-trucks-ev-growth-slows-2024-04-19/
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows: Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said ...
reuters.com/business/autos-transportation/tesla-lay-off-nearly-2700-employees-texas-factory-notice-shows-2024-04-23/
Quick Glance: Tesla to Lay Off Nearly 2,700 Employees in Texas Factory
- Tesla will lay off 2,688 employees at its Texas factory, as indicated in a notification.
- The layoff was done under the WARN Act, a U.S. labor law requiring companies with 100+ employees to notify ahead of planned closings or mass layoffs.
- Tesla announced that the layoffs will begin on June 14, amidst falling sales and an escalating price war.
- The global job cuts include 285 employees in Buffalo, New York, as part of another round of layoffs cutting over 10% of jobs.
Automakers hope for a cut as two-way EV charging becomes real: Automakers from General Motors to Volvo Cars , alongside utilities and charging app operators are ...
reuters.com/business/autos-transportation/automakers-hope-cut-two-way-ev-charging-becomes-real-2024-04-22/
GM Stock Accelerates After Earnings. Here's Why: General Motors beat expectations for the first quarter and raised its outlook for the year ...
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Morning Bid: Risk asset resilience, Indonesia's rate call: A look at the day ahead in Asian markets.
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BYD’s Push Into Electric SUVs and Premium Cars Is a Threat to More Than Just Tesla
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Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck: Tesla is recalling 3,878 of its 2024 Cybertrucks after it discovered that the ...
ctvnews.ca/autos/tesla-recalling-nearly-4-000-cybertrucks-because-accelerator-pedal-can-get-stuck-1.6854090
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Morning Bid: Eyes on PMIs for rebound signs: A look at the day ahead in European and global markets from Tom Westbrook
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Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Toyota Prius Recalled Because the Rear Doors May Open When the Car Is in Motion: 2023-24 Prius hybrids and Prius Prime PHEVs are under recall. Water can ...
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GM Raises Profit Guidance as Truck Sales Overshadow China Slump: General Motors Co. expects better profit this year after a strong first quarter ...
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RenCen isn’t an architectural jewel. Tear it down. | Letters to the Editor: General Motors is moving out of Detroit's RenCen. Freep readers share thoughts on ...
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Ford just reported a massive loss on every electric vehicle it sold: Ford’s electric vehicle unit reported that losses soared in the first quarter to $1 ...
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Driver arrested over multi-vehicle accident in Tampines that killed two people: SINGAPORE: A 42-year-old car driver has been arrested for dangerous driving ...
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Tesla shares drop on price cuts in run-up to earnings: Tesla fell more than 3% in premarket trade on Monday, as its latest global price cuts fanned Wall Street ...
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Falcons GM explains shocking selection of Michael Penix Jr. that left Kirk Cousins 'disappointed'
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Quick Glance: Falcons Surprise by Drafting QB Michael Penix Jr.
- The Atlanta Falcons made waves at the NFL draft by selecting Washington quarterback Michael Penix Jr. with the eighth overall pick, shocking many.
- Despite recently signing Kirk Cousins to a lucrative deal, the Falcons opted for Penix, highlighting their long-term vision for the team.
- Penix expressed readiness to learn from Cousins, while the Falcons firmly believe he could be their future franchise player.
- Amid past controversial picks, the Falcons stand by their decision, aiming to follow successful team models by grooming Penix as the successor to Cousins.
Doyel: Colts GM Chris Ballard wants playmakers for QB Anthony Richardson in 2024 NFL Draft
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General Motors (GM) Ends OnStar Smart Driver Program After Privacy Complaints: General Motors Co. has ended its OnStar Smart Driver program after customers ...
bloomberg.com/news/articles/2024-04-24/gm-ends-onstar-driver-safety-program-after-privacy-complaints
GM will relocate headquarters from RenCen to Detroit's new Hudson's building: GM CEO Mary Barra and Rocket Companies CEO Dan Gilbert announced that GM will move ...
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Central Pa. beer wholesaler prepares to roll out electric freight trucks: The company will acquire eight electric vehicle freight tractors to permanently replace ...
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2 children dead, 15 people injured after vehicle crashes into building holding child's birthday party
abcnews.go.com/US/michigan-swan-boat-club-vehicle-birthday-party-crash/story
Quick Glance: Sibling Fatally Hit by Car at Birthday Party
- A young brother and sister died, and several people were injured, some seriously, when a vehicle driven by a suspected drunken driver crashed into a young child's birthday party at a boat club in Berlin Township, Michigan, on Saturday.
- An 8-year-old girl and her 5-year-old brother died in the crash, as a 66-year-old woman drove about 25 feet into the building, according to Monroe County Sheriff Troy Goodnough.
- Three children and six adults were taken to hospitals with life-threatening injuries, while others received first aid on site and some were transported by private vehicles.
- The driver was taken into custody and is suspected of operating a vehicle under the influence of alcohol causing death. Further charges may be pending as the investigation continues.
Genesis Recalls More Vehicles That May Lose Power While Driving: Genesis is recalling over 31,000 additional GV70 and GV80 SUVs and G80 and G90 sedans from the ...
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Automakers hope for a cut as two-way EV charging becomes real: Automakers from General Motors to Volvo Cars , alongside utilities and charging app operators are ...
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Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck: Tesla is recalling nearly 4,000 of its 2024 Cybertrucks after it discovered ...
chicagotribune.com/2024/04/19/tesla-cybertruck-recall/
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range: Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron ...
reuters.com/business/autos-transportation/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range-2024-04-25/
US opens probe into 3,322 GM Cadillac Lyriq EVs over loss of brake assist: The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has ...
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Cybertruck owners allege pedal problem as Tesla suspends deliveries: Owners will have to wait until April 20 for deliveries to resume.
arstechnica.com/cars/2024/04/tesla-stops-cybertruck-deliveries-accelerator-pedal-may-be-to-blame/
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Ford Bronco Sport SUVs and Maverick Pickups Recalled for Loss of Power While Driving
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Bentley’s New Mulliner Will Have Its Most Powerful W-12 Engine Ever: Bentley has announced that its third coachbuilt Mulliner model will be one of its final ...
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Tesla Semi has been pushed ‘well beyond expectations’ by a new customer: Tesla has delivered its Tesla Semi, an electric semi truck, to a new customer for a ...
electrek.co/2024/04/17/tesla-semi-pushed-well-beyond-expectations-new-customer/
GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share
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Woman starts Tesla update in the blazing sun and is then trapped: Cars get very hot in summer. A young woman from the USA had to experience this for herself ...
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Video shows 100mph drunk-driver Miley Connors who had child in car: A police officer said it was "one of the worst pieces of driving I have ever seen".
bbc.com/news/av/uk-england-oxfordshire-68835711
Quick Glance: Child Endangered: Driver Speeds at 100mph on Hard Shoulder
- A reckless driver accelerated to over 100mph on the hard shoulder, causing an accident and then exiting the vehicle to urinate as his child fled the car.
- Miley Connors, 37, drove down the M40 in December 2021 in a silver Mercedes-Benz SUV, a pursuit described by the police as the worst they had ever seen.
- Numerous calls were made to emergency services after other terrified drivers witnessed Connors driving on the motorway in Warwickshire.
- He then moved into Oxfordshire and Buckinghamshire, maneuvering in and out of traffic at high speed.
Six taken to hospital after multi-vehicle accident on PIE: The multi-car crash followed another multi-vehicle tragedy in Tampines earlier in the day.
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Tesla notifies thousands in Texas and California of impending layoffs: Tesla let thousands of employees in two states — California and Texas — know it will be ...
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Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...
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Sharjah offers free vehicle damage certificate for residents affected by rains - News | Khaleej Times
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Tesla to lay off more than 3,000 employees in California, notices show: Tesla is set to cut 3,332 jobs in California, the electric-vehicle maker said in multiple ...
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SMRT bus driver, 58, dies after crashing vehicle into tree in Woodlands: No commuters were on board at the time of the accident.
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The tragedy which took the lives of 10 students: Samad Al Shan: Ten students aged between 10 and 15 years old died when their vehicle was washed away in a ...
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Volkswagen Workers Vote ‘Yes’ to a Union. What That Means for GM and Ford.: Volkswagen employees in Tennessee agree to be represented by the United Auto Workers.
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Road user charges: Are EVs still cheaper to run than petrol cars?: Owners of some EVs now pay the same road user charges as diesels - so is it still worth it?
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Tesla’s net income drops 55% in first quarter amid falling global sales - National | Globalnews.ca
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Tesla Cybertruck owner gets quoted over $30,000 for Powershare installation: A Tesla Cybertruck owner has been quoted over $30,000 for a Powershare installation ...
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Officer's gun taken in fatal shooting in Chicago: Sources: The 30-year-old officer was killed while returning home from work, police said.
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GM to Move Headquarters to Dan Gilbert’s Hudson’s Tower in Detroit: General Motors Co. will move its downtown Detroit headquarters across the city next year to ...
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Honda to spend $11 billion on electric vehicle strategy in Canada: The move is meant to tap long-term demand in North America and pushes the automaker toward ...
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Stockland and Ampol rev up superfast EV charging stations: Property landlord Stockland has joined forces with fuel supplier Ampol to roll out AmpCharge fast and ...
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European ports turned into ‘car parks’ as vehicle imports pile up: Chinese EV makers without sales networks or onward transportation among leading causes of ...
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Ford, GM Stock Price Targets Are Rising. Wall Street Trims Tesla Stock.
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GM just opened a sprawling new design center that will help shape the future of its cars
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Tesla previews ridesharing app feature for its robotaxi: As Tesla shared its figures for the first quarter on Tuesday, the automaker also previewed the app that ...
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China's BYD names electric pickup truck BYD Shark: Chinese electric vehicle maker BYD said on Monday its electric pickup truck will be called BYD Shark and will ...
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Insurance: Comprehensive or third-party liability, what’s the difference?: Knowing the main difference is key to making a decision that works for you
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More Ford Bronco Sport and Escape SUVs Recalled for Fire Risk: Ford is recalling 42,000 more Bronco Sport and Escape SUVs because a fuel leak might cause a fire ...
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Tesla Cybertruck breaks down after going through car wash: Bulletproof truck does not appear to be waterproof, user jokes
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Boy died leaping from family's truck as it lost control pulling water tank : Tomos Rhys Bunford loved farming and animals and is buried on the family farm with ...
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The RenCen after GM: What the future could hold for Detroit architectural landmark
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Thor's All-Electric Recreational Vehicle Is a Harbinger of Future Fun: Harbinger Motors is partnering with Thor Industries to create an all-new Class A RV using ...
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Stonka of a Tonka - and it's electric: The biggest electric vehicle of its kind has arrived in New Zealand — and it's right here in Otago.
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Ford's Hands-Free BlueCruise Was Active in Fatal Crash, Officials Say: A Mustang Mach-E being driven with Ford's hands-free BlueCruise system was in ...
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Luxury brand Maserati continues to go electric - and shows an elegant electric convertible
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Arizona Coyotes players told team is relocating to Salt Lake City, reports say: GM Bill Armstrong told the team it would relocate to Salt Lake City and the move ...
usatoday.com/story/sports/nhl/coyotes/2024/04/12/arizona-coyotes-relocating-salt-lake-city/73310336007/
Quick Glance: Reports suggest Arizona Coyotes potentially relocating to Salt Lake City
- Arizona Coyotes general manager Bill Armstrong traveled to Edmonton to brief the team on relocation rumors.
- According to multiple reports, the team was reportedly informed about an upcoming relocation to Salt Lake City.
- Two schedules were created for the upcoming season, one for Salt Lake City and one for Arizona.
- There are still uncertainties surrounding the future of the franchise, with an official announcement of the sale scheduled for April 18.
China's Huawei launches new software brand for intelligent driving: Chinese tech company Huawei (HWT.UL) unveiled on Wednesday a new software brand for ...
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She saved her baby in fatal crash: Penal mother Simran Rahamut used her body as a human shield to protect her one-year-old infant when the family’s vehicle ...
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Teen run over by police vehicle in Melaka while trying to flee cops: MELAKA: Melaka police have pledged to conduct a thorough and impartial investigation into ...
thestar.com.my/news/nation/2024/04/11/teen-run-over-by-police-vehicle-in-melaka-while-trying-to-flee-cops
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