| Cadillac offers buyouts to 400 U.S. dealers
The Detroit News (Michigan), September 24, 2016 Saturday
The Detroit News Cadillac is offering 400 U.S. dealers buyouts of up to $180,000 to "gracefully exit" the business, the General Motors Co. luxury brand confirmed Friday. The voluntary buyout offers start at $100,000 and are targeted at dealers who sell fewer than 50 Cadillacs a year. Of those 400 dealers, all but six have other GM franchises, a spokesman said. For 290 dealers, Cadillac represents less than 10 percent of their overall business. The targeted dealers represent more than 40 percent...