Joined
·
34 Posts
Check it out, I always suspected this, but it's still kinda shocking to read it. Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Feds told GM to drop Pontiac
- Status
1 - 20 of 59 Posts
Joined
·
265 Posts
They picked Buick over Pontiac because Buick was/is a hot seller in Asia. Is the story I got a few years ago. I've heard this same story from different sources.:brentil:
They haven't sold the Pontiac name. They have a plant listed as on standby (but empty) in Wisconsin. So maybe they have a plan to bring Pontiac back :dunno:
They haven't sold the Pontiac name. They have a plant listed as on standby (but empty) in Wisconsin. So maybe they have a plan to bring Pontiac back :dunno:
Joined
·
20,170 Posts
After the next federal election for president, and if there is a change in party, and if The New GM management still cares it might bring back Pontiav
Joined
·
473 Posts
Don't know if the update with more details from Lutz was there when you posted it. I have alwayS said it was a shame it was killed when it was finally getting good. But let's face it, GM was horribly managed for decades and that set the tone. Whether the government should have bailed them out at all is another discussion. But, I a personally glad that when they were writing big checks they were asking tough questions. And Lutz himself says they were not making money. So Pontiac was not going to survive whether GM was bailed ou or went through a normal bankruptcy. For us it is passion but in the end it is a business.
Joined
·
1,571 Posts
Cutting the brands was cover for moving GM's debt off of their balance sheet. Was Pontiac neglected because of bad product management or lack of funding for new product due to crushing overhead costs?
My guess is that they did the best they could with what little they had to spend.
Looking back now, Pontiac would probably have been a better investment for our $ billions than Fisker.
My guess is that they did the best they could with what little they had to spend.
Looking back now, Pontiac would probably have been a better investment for our $ billions than Fisker.
Joined
·
340 Posts
If I had been there I would have countered to the govt with, AND YOU ARE SO GOOD AT MANAGING MONEY AND BEING PROFITABLE. Which is exactly why I would never have made it in big business or the govt. Speaking of which, why the hell did miss managing go on for 20 years? Big business and big govt basically the same, necessary evils.
Joined
·
395 Posts
Yeah its been public knowledge since before they shut down Pontiac. The government telling GM which brands to keep and which to drop is just one reason that the government should not be involved in private companies, even if it wasn't blatantly unconstitutional.
I fear for the republic, friends.
Joined
·
340 Posts
Selzs, I agree, which is why we need to sucede and become our own Republic of Texas again!
Joined
·
8,217 Posts
Agree - they should have let them sink or swim on their own.
Joined
·
8,928 Posts
I see what the government did as positive because it forced GM to accept that they had to make the hard decisions now rather than later. With fewer divisions GM has been able to start focusing on building better cars because of few division's to manage. It also has helped w/product overlap along w/making it easier to allocating division funding due to fewer divisions.
Want to save Pontiac and Saturn, save it by maintaining your Pontiac & SKY because as long as people continue to still see them driving down the street than the Pontiac & Saturn divisions aren't dead.
Want to save Pontiac and Saturn, save it by maintaining your Pontiac & SKY because as long as people continue to still see them driving down the street than the Pontiac & Saturn divisions aren't dead.
Joined
·
10,583 Posts
I do not see Pontiac coming back with the way Cadillac is been managed.
All you have to do is look at the performance cars they offer.
All you have to do is look at the performance cars they offer.
Joined
·
672 Posts
Better have some teachers ready to help you texans spell... just saying...
Joined
·
395 Posts
Both of your sentences require subjects, and 'Texan' is a proper noun. It's not that I would normally point that out, but you wanted this to be about grammar. I'm just sayin'.
-Proud Texan
Joined
·
672 Posts
Joined
·
1,002 Posts
GM is heading right back down the road that led them to bankruptcy. The government takeover was the worse thing that could have happened to them. They should have been allowed to declare, rid all their old debts and bad union contracts that are keeping them from competing and they would have survived. The will likely not survive so there is no chance of Pontiac coming back. They are selling cars with huge incentives under their own financial arm to people who can't pay back their loans. They did this with GM financial years ago and they are doing it again. Cars like the Malibu are nice but make no profit. I was reading an article a few weeks back from one of their big Canadian execs that spelled out their continued road to ruin. BTW - I've never owned anything other than GM (8 brand new vehicles purchased and three used. I currently have sitting in my driveway a Camaro, Trailblazer, Solstice, CTS - so I am anything but a GM hater.
Joined
·
395 Posts
Luckily, your intentions do not change the rules of grammar.
1 - 20 of 59 Posts
- Status
Join the discussion
