Description: DETROIT – About 150 General Motors dealers have accepted buyouts and will stop selling Cadillacs as the Detroit automaker pivots the luxury brand to lead its all-electric vehicle efforts, a person familiar with the details confirmed to CNBC.
Source: CNBC.com – video report
Date: Dec 05, 2020
Questions for discussion:
- Explain why some dealerships might decide to accept the GM buyout offer.
- What does this mean for future management and marketing of GM vehicles?
- Is this development “good” for GM and investors?