Subaru Enthusiasts Car Club of the Sierras - View Single Post

Nick Koan · 2009-04-27, 02:13 PM

GM has announced that as part of their restructuring, they will be eliminating the Pontiac brand.

http://online.wsj.com/article/BT-CO-...27-709022.html

The plan also calls for cutting 21,000 hourly jobs and reduce dealership count by 40%. The Pontiac brand will be done by the end of the year.

"You have a strategy that wins or you have to stop," [new CEO Fritz] Henderson said. "We didn't have a strategy that allowed us to win with the Pontiac brand."

2009-04-27, 02:13 PM	#1
Nick Koan JDM Cowboy Real Name: Nick Join Date: Oct 2003 Location: Somewhere Posts: 8,642 Car: 2015 Mazda 3	So long Pontiac. GM has announced that as part of their restructuring, they will be eliminating the Pontiac brand. http://online.wsj.com/article/BT-CO-...27-709022.html The plan also calls for cutting 21,000 hourly jobs and reduce dealership count by 40%. The Pontiac brand will be done by the end of the year. "You have a strategy that wins or you have to stop," [new CEO Fritz] Henderson said. "We didn't have a strategy that allowed us to win with the Pontiac brand." __________________ While a standard engine is powered by a belt connected to the crankshaft, a turbo engine runs on its own exhaust steam, making it more energy efficient. -- CNN