DavidS
Anti-Tea Party Member
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 years end, said the people, who didnt want to be identified because no decision has been made. GMs 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.
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 years end, said the people, who didnt want to be identified because no decision has been made. GMs 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.
