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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 of the brand’s 925 U.S. dealers.



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Cadillac Offering Walk Away Buyouts To 40% Of Dealerships

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