How many people will lose their jobs because of the push by Biden and his Democratic Comrades to force everyone into EVs (which most elected Democrats are not buying and driving themselves)?
Cadillac thins out U.S. dealers to get fit for the Tesla challenge
General Motors Co’s Cadillac brand is gearing up to challenge Tesla Inc and other rivals in the luxury electric vehicle market with a new electric utility vehicle and nearly 40% fewer U.S. dealers than it had in 2018, the brand’s global chief told Reuters.
Cadillac has largely completed a restructuring of its U.S. dealer network and expects to have 560 dealers by the end of this year, compared with about 920 three years ago, said Rory Harvey, head of the global Cadillac brand.
GM has booked a total of $274 million in costs during 2020 and 2021 related to the effort to buy out Cadillac dealers who were not prepared to invest $200,000 to $500,000 per store in the equipment and training to support the brand’s shift to an all-electric vehicle lineup, planned by 2030.
Cadillac will still have more U.S. dealers than other established luxury brands, and has opened new show-rooms in New York City, Beverly Hills, San Francisco and Atlanta.
That’s actually quite a few dealership, probably too many for the amount of sales the company has, though, most are small, even in big cities. Compare that to Honda with 1,069 dealers, some of which are huge. How many people have lost their jobs, though? Sales, sales managers, finance, service writers, mechanics, detailers, support. All out of jobs so that rich folks can virtue signal and drive an EV.
Next summer, Cadillac plans to launch the first of a wave of electric vehicles, starting with a compact utility vehicle called the Lyriq. Harvey said Cadillac has received expressions of interest in the Lyriq from 216,000 people.
That Lyriq is going to start at $59,990. Affordable to everyone, right? How many people will lose their jobs thanks to the mandates from governments for EVs? Vehicles that most will not be able to afford to purchase. All to stop an imaginary issue of human caused climate change.