For those of you that really do not follow the automotive
news.
GM announced today, it is shutting down Pontiac for
good. It's a sad day. No more "Driving Excitement"
division.
http://news.yahoo.com/s/ap/20090427/ap_on_bi_ge/us_gm_plan
I don't know why the link is not working, but copy and paste
it.
Clip from Article,
The company said it would phase
out its storied Pontiac brand no later than next year, and the futures of
Hummer, Saturn and Saab will be resolved by the end of this year by either
selling them or phasing them out.
For Pontiac, the decision means
the death of a brand known for its muscle
cars including the Trans Am made famous
in movies and the GTO, the subject of a nostalgic song by Ronny and the
Daytonas.
Henderson said in a news
conference that the company was spread too thin to make Pontiac work.
"We didn't think we had the
resources to get this done from a product perspective," or marketing, he
said.
He said the decision was very
tough for many at GM because of the 83-year-old brand's heritage.
Henderson said talks continue
with potential parties to buy a stake in Opel and are expected to continue
through the end of May. He said the company would continue to have a presence
in Europe as a stakeholder. He said Chevrolet is one of the fast-growing
car segments in Eastern Europe and Russia.