Pontiac No More

GM CEO Fritz Henderson announced last night that Pontiac will be shut down indefinitely. Executives say that the move is just the first in many drastic measures needed to help the company survive the recession.
Pontiac is scheduled to be shut down next year after inventories are eventually cleared. This news comes as a surprise to many analysts who know that Pontiac was GM’s third best selling make. Other GM subsidiaries like Saturn, Saab, and Hummer are also on the razors edge as they too may be downsized or closed completely. The reason why Pontiac was chosen for the axe was …read more