It Looks Like Curtains for the Pontiac
Friday, April 24th, 2009
If reports hold true, we may be seeing the official demise of the Pontiac. General Motors has reportedly decided to pull the plug on the classic vehicle line, a sign which clearly shows that GM is in a deep hole. 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.
An official announcement is expected Monday. GM spokesman Jim Hopson declined to comment on Pontiac’s fate, saying the automaker has no announcements to make at this time.
In its most recent “viability plan” – which will be updated to reflect this new brand cut – Pontiac was not named as one of GM’s four “core brands.” Those are Chevrolet, Buick, GMC and Cadillac. But Pontiac was also not to be killed or sold off, as were Saturn, Saab and Hummer. Instead Pontiac was to continue on as a “niche brand” focusing on just a few models.
That was already a step down for Pontiac which, in 2008, was the third-best selling brand behind Chevrolet and GMC. That year the brand sold more than Cadillac and twice as many vehicles as Buick. Cadillac is a high-profile – and high profit – luxury brand while Buick is a hugely popular brand in China and is seen as seen as resurgent in the U.S.
Today’s Pontiac is part of GM’s Buick-Pontiac-GMC brand channel, created in 2002, with the plan being that all three brands would be sold in combined dealerships. GMC would, as always, sell trucks and SUVs, Buick would sell value-oriented luxury models and Pontiac would sell less expensive, fun-to-drive cars.
(Source) CNN
Tags: automaker, buick cadillac, buick gmc, buick pontiac, car brand, chevrolet buick, classic vehicle, gm spokesman, jim hopson, luxury brand, luxury models, pontiac car, pontiac general motors, pontiac gmc