General Motors studying shedding Pontiac, Hummer, Saab and Saturn

Discussion in 'Stock Market' started by DavidS, Nov 28, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Nov. 26 (Bloomberg) -- General Motors Corp., working to cut costs to win $12 billion in government loans, is studying whether to shed its Saturn, Saab and Pontiac brands in addition to Hummer, people familiar with the matter said.

    Selling or dropping brands would save money and reduce overlap as the biggest U.S. automaker struggles to avoid running out of operating cash by year’s end, said the people, who didn’t want to be identified because no decision has been made. GM’s other U.S. brands are Chevrolet, GMC, Buick and Cadillac.

    Story here:

    I don't know how well Saturn sells, but they've always been pieces of crap. In my opinion, you need Chevy, Pontiac and Cadillac and if you really wanted to cut costs, just Chevy and Cadillac. GMC only makes trucks and SUV's that are basically re-labeled Chevy's and Pontiacs. I really don't know who the hell buys Buicks today, besides Tiger Woods.

    For a little history, Saab was a Swedish owned company until GM bought 50% of its shares in 1990 and a few years later bought the remaining 50%. Saab only has 2 cars and an upcoming SUV that's a re-packaged Caddy.
     
  2. Sunni Man
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    Sunni Man Diamond Member

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    Buicks are great cars.

    We sell more Buicks in China than in the US

    Buicks are one of the top selling cars in China.
     
  3. Paulie
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    Paulie Platinum Member

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    Do it!!
     
  4. Missourian
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    Missourian Gold Member

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    I disagree with you on Pontiac. Most if not all Pontiacs are repackaged Chevys and Buicks. Ditch them and keep Buick.
     
  5. Helsetemp
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    Helsetemp Rookie

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    Pontiac + GMC Trucks = New US/China 'joint production auto manufacturer
     

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