April 24 (Bloomberg) -- General Motors Corp., facing the threat of a bankruptcy filing if it can’t meet a June 1 U.S. deadline, will preserve the GMC truck line and drop its 83-year- old Pontiac brand as part of a government-led recalibration of its business plan, people familiar with the decision said.
The Detroit automaker, which received an additional $2 billion in federal assistance on April 22, will keep the GMC, Chevrolet, Cadillac and Buick brands, after a review that included profitability with the Obama administration’s automotive task force, said the people, who asked not to be named because the decisions have not been announced.
GM may reveal next week the end of the make that produced the Grand Prix, Bonneville and Firebirds, they said.
Friday, April 24, 2009
Thank God My Father Isn't Around To See This
Jim bought nothing but Pontiacs, a new one every two years. Until he retired. Then he bought a Caddy. I learned to drive on the model shown above.
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