My bet's on Buick (to die).
-W
"JimH" wrote in message
...
No, I am not leaving (although I am sure some of you were hoping for it
;-)). I am reporting that either Buick or Pontiac may soon be a brand of
the past.
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GM may kill off Buick or Pontiac
By Reuters
General Motors, which issued a shock profit warning last week and has been
losing market share, may phase out one of its weaker car brands if sales
fail to meet projections, company Vice Chairman Bob Lutz said on
Wednesday.
GM's Buick and Pontiac are both "damaged brands'' due to lack of
investment
over the years, and GM is working to correct that with an array of new
vehicles coming to market, Lutz told a Morgan Stanley automotive
conference
in New York.
But if some of its brands fail to meet sales projections, "then we would
have to take a look at a phase-out. I hope we don't have to do that. What
we've got to do is keep the brands we've got.''
Financial analysts have said for years that the world's largest automaker
has too many brands to support, even with the gradual phase-out of the
Oldsmobile brand a few years ago, particularly with its weaker U.S. sales.
http://moneycentral.msn.com/content/...7.asp?GT1=6301
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I will be pretty sad if they drop Pontiac, especially considering the GTO
and Grand Prix cars they produced......wide track.
I always thought of Buick as an old persons car.