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CNN reporting that GM will kill off Pontiac

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Old Apr 26, 2009 | 09:26 AM
  #46  
nitrojunky's Avatar
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From: In a Mineshaft
what becomes of the solstice / sky twins? i'd have never bought one, but they definitely seem to have a market.
Old Apr 26, 2009 | 09:51 AM
  #47  
MustangEater82's Avatar
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Rebadge the G8 has a Buick Grand national, and offere a turbo 3.6L! I dunno I am sure that comment pisse some people off.
Old Apr 26, 2009 | 11:12 AM
  #48  
T/A-Bob's Avatar
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If Buick is making a lot of bucks overseas, then it wouldn't make sense to kill it off. Why get rid of a brand that's making money?

The thing I don't understand is why they'd axe Pontiac considering it's like their #3 brand with respect to sales volume... unless they're not making enough money on the Pontiacs they sell.

I don't feel that the govt is forcing them to do anything. If GM weren't asking for - and receiving - govt bailout money, they could do whatever they wanted. But if they're receiving the money (which is their choice) then they need to do what the new "owners" say.

It's very unfortunate. I can't believe that GM, which was a cornerstone of US industry, is now in such deep s***... truly unbelievable
Old Apr 26, 2009 | 02:08 PM
  #49  
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You don't have to get rid of Buick in China to get rid of Buick in NA. They are completely separate for all intents and purposes anyway.
Old Apr 26, 2009 | 04:27 PM
  #50  
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Originally Posted by MustangEater82
The problem with raggin on GM for closing Pontiac... its not al their fault, they are getting pressure from government and media, that they suck and need to downsize. Looking at what they are keeping, doesn't look too bad.
No, the main pressure is coming from the bondholders -- the people that GM borrowed billions of dollars from, and now can't make payments on.

These bondholders would see a better return if GM was entirely liquidated in Chapter 7 bankruptcy. Only the government is keeping them alive at this point, hoping there can be a compromise where GM is split into "good" and "bad" parts and only partially liquidated.

Everyone (and I mean everyone) agrees that GM is no longer a viable corporation. Of course it's their fault, they put themselves into this situation.
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