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General Motors Company, the US government controlled company that has taken over the ‘good' parts of GM, has swept the broom through senior management, announcing major changes in more than 20 senior roles.
The tug of war ensuing over the fate of the Australian-developed Pontiac G8 sedan following the demise of the Pontiac brand continues with a new report suggesting it will live on under the Chevrolet brand.
The fate of the Commodore-based Pontiac G8 seems to be a rather touchy subject for General Motors CEO, Fritz Henderson, who is still reluctant to elaborate on the reasoning behind the car's impending withdrawal from US sale.
Just when we thought we’d heard the final nail being hammered into the Pontiac G8 coffin by General Motors CEO Fritz Henderson along comes his product chief and throws another possible lifeline to the US version of the Holden Commodore.
With its adoptive parent stricken from the General Motors portfolio, it seems the Pontiac G8 is likely to suffer the same fate with General Motors President and CEO Fritz Henderson announcing that the Australian sedan would not be migrated to a new...
General Motors Corporation has said it will drop about 1600 US dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of this month.
GM Holden will lose one of its biggest export models following the move by United States parent company General Motors to dump the Pontiac brand, but says the move won’t affect jobs locally.
General Motors has decided to abandon one of its most revered nameplates, that of Pontiac, as part of its desperate measures to save itself from Chapter 11 bankruptcy in the United States.
General Motors Corporation chief executive officer, Mr Fritz Henderson, says a bankruptcy filing is "probable" because of the restructuring goals GM must meet to get more US government loans, but that isn't the company's preferred option.
They say a picture tells a thousand words. Here are just three powerful pictorial examples of the credit crunch closing in, in the United States. San Rafael Chevrolet Saab Hummer Hyundai closed its doors recently, leaving dozens of...