GM saying buh-bye to Pontiac......
Posted: Mon Apr 27, 2009 2:56 pm
...........and hummer, saturn, saab...it's a shame - hummer we all knew about but the solstice is a sweet looking ride...same for the saturn sky though i wouldn't buy either...the alternatives are way too better.
http://www.latimes.com/business/la-fi-gm28-2009apr28,0,7093793.story
http://www.latimes.com/business/la-fi-gm28-2009apr28,0,7093793.story
In a desperate bid to avoid bankruptcy, General Motors Corp. today launched a restructuring plan that would eliminate 2,600 dealers, 21,000 workers, $44 billion in debt and four brands, including Pontiac -- while leaving the U.S. government owning at least half of the troubled automaker.
In addition, GM will accelerate the wind-down of its Hummer, Saturn and Saab brands, ceasing production by year's end. Pontiac will be terminated after 2010.