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General Motors Said to Study Dropping Pontiac, GMC as Savings Push Deepens (Visit this link)
Jeff Green and Serena Saitto from Bloomberg: GM, facing a June 1 US-backed bankruptcy, may drop its Pontiac and GMC brands as part of broader cost-cutting moves, people familiar with the discussions said. GM's Chevrolet, Cadillac and Buick brands are likely safe, said the people, who asked not to be named because decisions aren't final. GMC and Pontiac are being studied as part of talks with an Obama administration task force assessing whether GM can be restructured without bankruptcy, the people said. GMC has a better chance of surviving than Pontiac, one of the people said. GMC's lineup consists only of light trucks such as the Sierra pickup, while Pontiac's offerings include the descendants of the brand's high-performance 1970s models.
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