General Motors will pay dealers for refusing to sell electric cars

General Motors will pay dealers for refusing to sell electric cars

November 24, 2020 0 By autotimesnews

All dealerships that wish to receive compensation must declare this by November 30th.

The American carmaker General Motors announced that it is ready to pay compensation to dealers of the Cadillac brand for refusing to sell electric cars. This became known on Tuesday, November 24. All dealerships that make such a decision before November 30, 2020 will receive funds in the amount of $ 300 to $ 500 thousand.

General Motors is trying to speed up the production of electric cars. Thus, the size of investments for this process was increased by 35%, that is, up to $ 27 billion. One of the most anticipated projects is the all-electric Cadillac Lyriq EV.

Initially, they wanted to start selling it by 2030, but now the date has been postponed to 2022. Note that four years ago, General Motors already offered compensation to dealerships.

True, for another reason – up to $ 180,000 was paid to companies that could not sell the required number of cars.

Earlier it became known about the beginning of one of the most massive recall campaigns in the history of the automotive industry. Concern General Motors will send about 6 million cars for repair, which rolled off the assembly line in the period from 2007 to 2014.