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Friday Afternoon Open

132
CyanSnowHawk4/24/2009 2:13:59 pm PDT

re: #73 Honorary Yooper

To those of you wondering about Pontiac, I find it is best to go to the papers in the auto capitol of the US instead of CNN.

GM’s Pontiac not dead - yet

From WSJ, Pontiac is at risk, more plants are to be shut down, and the gov’t is pressuring GM to shed GMC which has many models in parallel with Chevy. GM is trying to tamp down rumors of Pontiacs demise, but insiders are saying it’s likely. From all that I’ve seen, it looks like either Pontiac or GMC will go, not both, since there are many dealers that are grouped as Pontiac, Buick, and GMC. It cost GM more than a billion to handle the dealers in the Oldsmobile shutdown, due to strong state franchise laws. Shutting down one brand with most dealers selling multiple brands will lessen that. Shutting down two will be more costly.