The best thing to expect right now as far as new cars scheduled to be available in the market is concerned, is to see if they will really come out at all. Thank the financial crunch for all of it. A lot of the lined-up concept cars seem to be put on hold as major car companies are trying to find ways to make it through these rough economic times.
General Motors, a prime figure in the celebrated auto bailout issue, has reportedly cancelled the production of the Pontiac “sport truck”. Despite promising figures shown by GM Holden bosses, it is apparent that the proper assessment of the economy at the moment has become the main reason for placing the ultimate boy toy with a six-litre V8 engine on the shelf.
“Carmakers in the US are being especially hard hit due to the global financial crisis and the sports truck is unfortunately one of the casualties,” Senator Carr said. “The US economy is considerably weaker today, than it was when the sports truck was launched early last year.”
(Source) The Australian
Tags: car companies, carmakers, Concept Cars, General Motors, GM, gm holden, litre v8 engine, new cars, Pontiac, pontiac g8, sport truck
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