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Originally Posted by mbfesta2009 In an interview Sunday with Automotive News (sub. req'd), Troy Clarke, GM's North American president, said that General Motors will be able to make good on its promise to Congress to drastically cut costs. Clarke said that GM will now focus its "product and marketing resources" on Buick, Chevrolet, Cadillac and GMC. That would leave Pontiac, Saturn, Saab and HUMMER in automotive limbo. As part of that same plan presented to lawmakers, GM said it would sell or close Saturn. And since no one has yet stepped forward with cash, the future is not at all certain for the unique brand despite what GM's marketing VP Mark LaNeve says. In a separate interview, Bob Lutz told AN that Pontiac will also have to get by with only four models: the G8, G5, Vibe and Solstice. Or five models if you count the Solstice coupe separately as Lutz does. Shrinking the brand would complete yet another promise GM made to Congress to make Pontiac a niche brand. Link: http://www.autonews.com/apps/pbcs.dl...901119929/1197

Ah ... but Bloomberg and Robert Wagner seem to disagree with this statement.

Bloomberg.com: U.S.

Jan. 12 (Bloomberg) -- General Motors Corp., the largest U.S. automaker, may keep Saturn as it undergoes a needed pruning of its brands, Chief Executive Officer Rick Wagoner said. “All the options with Saturn are on the table,” Wagoner said today in an interview on Bloomberg Television.

It appears they've updated the article from Automotive News now:

January 12, 2009 - 12:01 am ET UPDATED: 1/12/09 9:10 a.m. EST DETROIT -- General Motors, seeking buyers for Saab and Hummer, will be able to follow through with plans to shrink to four core brands, North American President Troy Clarke says. As part of the survival strategy submitted to Congress last month, GM said it intends to focus U.S. product and marketing resources on Buick, Chevrolet, Cadillac and GMC. On Sunday at the Detroit auto show, Clarke said the company will be able to execute the plan, even as the global credit crisis chills merger and acquisition activity. Subscribe to Automotive News "We have to re-engineer the way we're doing business in many regards," Clarke said. "We're going to be a smaller company." The automaker began a "strategic review" of the Hummer SUV line in June. Last week, GM sources told Automotive News that Sweden-based Saab has failed to attract suitors. Meanwhile, Pontiac will dwindle to a six-vehicle line, Vice Chairman Bob Lutz said here in a separate interview on Sunday. The cars: the G6, G8, G5, Vibe, Solstice and Solstice hardtop coupe. In the viability plan -- submitted as part of GM's effort to win $13.4 billion in federal bailout loans -- GM also said it would consider options for Saturn, without saying whether the line would be sold or shuttered. "We've entered into a very, very open and candid dialogue with our Saturn retailers,'' Clarke said. Saturn, launched 19 years ago, has been successful in terms of brand attributes, he said. But "it just hasn't been a good business for us." Saturn's only annual profit came in 1993. "We need some breakthrough options here," Clarke said. "We can't continue brands that have no prospect of earning their way." GM will be able to work within state franchise laws as it whittles its dealer count, Clarke said. GM has calculated the estimated costs, he said, without elaborating. In the viability plan it submitted to Congress, GM said it planned to go from 6,600 dealers to 4,700 by 2012.