LAST AUTO NEWS – GM MAY KILL PONTIAC, GMC BRANDS
Last Auto News –
As General Motors approaches an Obama administering borderline to restructure or face abandonment of federal funding, the automaker may accede acid some brands it had ahead planned to save.
The Detroit Free Press reports, “General Motors may bead its Pontiac and GMC brands to advice it cut costs, humans accustomed with the discussions said.” In antecedent accretion plans, the automaker had proposed “to afford alone Hummer, Saab and Saturn…But now Pontiac and GMC are getting advised as allotment of talks with an Obama administering assignment force assessing whether GM can be restructured after bankruptcy.”
Reuters adds, “GM’s Chevrolet, Cadillac and Buick brands are acceptable to be safe.”
Previous letters had adumbrated that Pontiac was “destined to be downsized to one or two models to be awash through the GMC/Buick banker network,” according to Business Week. The brand’s new G8 ample auto has been a analytical success, and letters said that GM was searching for means to bottle the model’s sales abeyant – but faced with a June 1 deadline, the aggregation may adjudge that convalescent its position in the rear-wheel drive ample auto bazaar isn’t a priority. “Pontiac, analysts say, is not a bartering asset because the cast can’t absolutely survive alfresco the GM system,” According to Business Week.
“GMC has a bigger adventitious of actual than Pontiac,” says Bloomberg. “GMC sells alone ablaze trucks such as the Sierra pickup, while Pontiac’s offerings cover the birth of the brand’s high-performance models from the 1960s and 1970s.”
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