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Pontiac, or formally the Pontiac Motor Division of General Motors, was an American automobile brand owned, manufactured, and commercialized by General Motors. It was originally introduced as a companion make for GM's more expensive line of Oakland automobiles. [ 3 ]
Although first-year production was planned at 7,000, GM apologized to customers for delays and increased production, delivering 10,000 by March 1. Interior of a 2006 Pontiac Solstice. Following the 2008 economic recession, GM discontinued the Pontiac division. Production ended with the closure of the Wilmington Assembly plant in July 2009.
In US Congressional hearings on December 2, 2008, General Motors announced its intentions to focus on their four core brands (Chevrolet, Buick, Cadillac, and GMC), with the sale, consolidation, or closure of Saturn and the remaining brands (Pontiac, Hummer, and Saab, with Oldsmobile having already discontinued production in 2004). [12]
This just in: A Midwest expat is urging GM to revive the Pontiac brand, a retiree mourns decline in car quality, a reader is frustrated with the GOP. Dumping Pontiac was a mistake. GM should bring ...
General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges. The United States Treasury was represented by the United States Attorneys Office for the Southern District of New York and Cadwalader, Wickersham & Taft LLP. An ad hoc group of the bondholders of General Motors Corporation was also represented in court. [47]
Why did General Motors (GM) fail? The fifth reason is that GM was managing in the bubble. The current disaster in which GM finds itself makes one wonder, how could it have been so incredibly stupid?
General Motors (GM) was founded in September of 1908. On June 1, 2009, at 8 a.m. -- almost 101 years later -- it ceased to exist, and control was handed over to turnaround executive Al Koch ...
In Canada and Mexico, the Pontiac G5 went on sale in early 2007 as a 2007 model, available as both a sedan and coupe. General Motors discontinued the Pontiac G5 in the United States in 2009, and it was discontinued in Canada and Mexico in 2010. The Chevrolet Cruze served as a replacement for both the Chevrolet Cobalt and Pontiac G5.