Or it would seem from the looks of the CNN piece:
General Motors is preparing to announce that the Pontiac car brand — once marketed as GM’s “Excitement division” — will be killed off, according to a source familiar with the decision.
These are, of course, the death cries of the company, which had hitherto been muffled with yards of duct tape bearing Management and UAW fingerprints. This is the end. Can we please stop sending money now?
Pontiac: End of the road [CNN.com]
I’m in favor of sending another 10 billion. I like the idea of paying a company to go out of business. It’s the new American business model; parachutes and blow jobs for those who can’t figure out MC=MR.
why doesnt the UAW take its legacy bankroll and fund GM’s operations if they are so dire to the nation’s health
Comared to Cerberus GM is a think tank. GM should work to acquire Jeep for a bag of sunflowers and a minor leaguer named Pedro.
Hmmm, I thought it was re-named the Excrement Division to better align expectations with reality…
http://pajamasmedia.com/instapundit/
“Do you want law remaking the U.S health care system passed with minimal public deliberation by congress?” vote
WTF happend to Oldsmobile? and Hudson? and Kaiser-Frasier? Aren’t they still making those f’n things?
When TGFD was a kid, my uncle had a 1956 Pontiac “Fire Chief” convertible. White with a red interior. Big V-8 too.
The Guy from Delaware
GM should make pick-ups, SUV’s and cargo vans. period. i can’t remember the last time i saw a GM car on the road. Even Cadilac should go away.
This actually makes me kind of sad and nostalgic for back in the day when the other kids in school were all jealous of my used Grand Am. Other than that though, GM can go to hell.
If this is the end, then I’m buying a G8 GXP, with a loud-assed Corvette motor and 6spd transmission.
It’s the last of the V8 Interceptors
TGFD, don’t forget about Nash, Studebaker, Rambler.
Someone PLEASE explain to me one more time why we are trying so hard to keep a dead company around? What’s wrong with a car company going out of business? The aforementioned are long since gone, and everything worked out just fine. GM and Chrysler need to be taken out back and shot.
ban TGFD ASAP please, he is so awful
What do you mean Nash & Hudson? They merged and formed AMC, that piece of crap of a company. That lesson is very relevant now.
AMC, of course, owned Jeep. They formed an alliance with European automaker (Renault) to distribute each others’ cars. That failed, of course, because Americans didn’t want ugly European economy cars, and Europeans couldn’t afford big V8 powered ugly American cars.
Now, the situation with Chrysler & Fiat is different because… uh… well, because…
@7 you can’t remember the last time you saw a Chevy or a Saab car? I see them all the time. GM has all kinds of cars…if you mean GMC, they do only make trucks, suv’s and vans.
Guest@#10…
TGFD remembers them all. Wasn’t the Rambler originally called the Nash Rambler? They had a Nash Metropolitan too. Search that one out for a real treat. Two-seater, the size of a larger, floor-mounted freezer. Crazy.
Guest@#11…
TGFD’s been active for the past few days. Thanks for asking. I can’t really explain it, but sometimes TGFD just gets the urge for some “havoc”.
The Guy from Delaware
ahhhhh….PONTIAC. So nastalgic. Reminds me of the old joke anagram. Poor Old N Thinks Its A Cadilac.
This is the end
you gentle friend
too plastic injection molding, didn’t buy
Pontiac is a farce. As a native Detroiter, it’s shutdown is not surprising. All of their body styles are completely the same and boring. Gone are the glory days because it takes 20 assholes in a board room to approve a design change on a headlamp. Sorry business guys, but you lack creativity outside of a financial sense. GM as a company is more than viable if they can cut UAW benefits and costs of production. It is actually sad to see how bloated the company has become to sell so many vehicles and still not turn a profit. However, I read how labor compensation demands overseas are going to erase the cost-per-car difference between US and foreign automakers by 2012. As the second greatest seller behind Toyota, GM should be able to fix itself, but this recession does necessitate some help. Those who think GM should liquidate are asinine fools who would not understand the economic fallout from all of GMs financial arms, subsidiaries, dealers, legal counsel and suppliers. To suggest the morons on Wall Street deserve bailout and bonus money for their negligence, but Detroit doesn’t is just elitist and self serving. Go ahead, liquidate Detroit’s automotive industry… the revolution will start from the north.
Pontiac is a farce. As a native Detroiter, it’s shutdown is not surprising. All of their body styles are completely the same and boring. Gone are the glory days because it takes 20 assholes in a board room to approve a design change on a headlamp. Sorry business guys, but you lack creativity outside of a financial sense. GM as a company is more than viable if they can cut UAW benefits and costs of production. It is actually sad to see how bloated the company has become to sell so many vehicles and still not turn a profit. However, I read how labor compensation demands overseas are going to erase the cost-per-car difference between US and foreign automakers by 2012. As the second greatest seller behind Toyota, GM should be able to fix itself, but this recession does necessitate some help. Those who think GM should liquidate are asinine fools who would not understand the economic fallout from all of GMs financial arms, subsidiaries, dealers, legal counsel and suppliers. To suggest the morons on Wall Street deserve bailout and bonus money for their negligence, but Detroit doesn’t is just elitist and self serving. Go ahead, liquidate Detroit’s automotive industry… the revolution will start from the north.