LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1   Report Post  
JimH
 
Posts: n/a
Default So long.....

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.

==========================================

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

==============================================

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.


 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
OT for those who want to vote (long) Jonathan Ganz ASA 0 October 28th 04 01:20 AM
Nova Scotia trip report (long) Sheldon Haynie Cruising 10 August 15th 04 02:48 AM
How long can a boat stay anchored in one place? Capt Lou General 3 March 30th 04 04:54 PM
OT - My reply to McDiarmid (politics and long) Simple Simon ASA 0 December 22nd 03 05:29 PM


All times are GMT +1. The time now is 05:54 AM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 BoatBanter.com.
The comments are property of their posters.
 

About Us

"It's about Boats"

 

Copyright © 2017