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Obama’s Bailout Dream Team Revives Pontiac, GMC Kill Off

Posted in auto industry, Cars, Detroit, GM, GMC, Newsworthy, Politics, Pontiac by Suzanne Denbow | April 16th, 2009 | 1 Response |


According to reports, General Motors is currently fighting a dirty war against bankruptcy, and they’re leaving several men behind. With only 60 days in which to restructure enough to meet the shrewd demands of their federal lenders, GM has resorted to aggressive budget cutting maneuvers that many dismissed as highly unlikely in months past.

Unfortunately, in order to appease their bureaucratic overlords and stave off imminent bankruptcy facilitated by years of mismanagement, GM is being forced to entertain the outrageous. Old rumors that GM plans to kill off both Pontiac and GMC have been revived, standing in direct opposition of GM’s earlier Congressional progress report which indicated the General would maintain GMC as a core brand while aiming Pontiac towards the speciality market. Inside sources now indicate that retaining both brands could be a death sentence for the General, and that their future outside of bankruptcy court would look significantly brighter without Pontiac or GMC cluttering their portfolio.

While nothing has been confirmed as of yet, if Pontiac and GMC do ultimately get the axe, that will bring the bailout body count to a total of 5 brands, including Hummer, Saab, and Saturn.

Source: Bloomberg via AutoBlog
Image Cred: Reuters Pictures

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  1. Geoff says:

    One wonders if losing Pontiac (and probably Saturn) would kill the very solid Solstic/Sky. Same thing for the G8. Hopefully in the event that Pontiac is cut, they will take in under the umbella of Chevy the successful niche cars and replace some of the more bland ‘Lumina-types” that they have produced in recent years.