Quote:
Originally Posted by 64-3Deuces
GM didn’t give Pontiac the ax entirely on its own; the government also played a bigger role than people know. See post #29. Pontiac had been in decline for some time, due to mismanagement both at the Pontiac and corporate levels and corporate in-fighting primarily from Chevy.
The you-tube link below gives a pretty accurate view of the History of Pontiac. At the 1:12:30 mark Bob Lutz answered a question about the elimination of Pontiac. For those afraid to open the link the take-aways are; No bail out loans-too many brands cutting into the bottom line. Something has to go and initially they only wanted to keep Chevy and Cadillac; Two, so yes the Chinese Buick market was a factor; Three, Government-how much money did Pontiac make in the last 10 years? GM answer-NONE….Government-PONTIAC IS GONE….
Per Mr. Lutz—when someone is going to give you a check for 53 billion dollars, the choice is pretty easy.
https://www.youtube.com/watch?v=Odb0eFs_3xU |
That youtube is full of holes.