Decius wrote: Rumors from late last week have come home to roost, and as part of its restructuring efforts, General Motors has just announced that Pontiac will be "phased out by the end of 2010." GM will continue to build its accelerated viability plan around four brands: Chevrolet, Cadillac, Buick, and GMC.
The plan is to give up 90% of GM's stock, half to the feds, half to the union, in exchange for concessions and cash. GM is dead. Lets bury the body and work on building a new industry to replace cars, or to save the other two. RE: GM kills Pontiac |