The decline and fall of General Motors, which sees it heading toward liquidation from its status as arguably the most powerful corporation on earth more than half a century ago, is entering a new phase. The federal government’s mandated conversion to electric vehicles is taking another big bite out of its organization. Ron Glon writes: In 2022, General Motors gave Buick dealers across the nation a simple choice : invest a significant amount of money to prepare for EVs or opt for a buyout. Over a year later, the brand has reportedly lost nearly half of its dealerships as it prepares to roll out its first electric cars . Trade journal Automotive News reported that the number of Buick dealers in the United States dropped by about 47% during 2023. At the beginning of the year, the network included 1,958 stores; fast-forward to December and that figure stands at […]
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