Tuesday, April 28, 2009

GM to dissolve Pontiac, slash dealers & plants by 2010

GM on Monday confirmed rumors it will eliminate Pontiac, indicating the brand will be gone by late 2010. Furthermore, the company will eliminate 13 plants, while simultaneously slashing its dealer network by nearly half --from 6,246 in 2008 to 3,605. The company also said it will sell or shut down Saab, Saturn, and Hummer by the end of 2009.

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