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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. |
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