THE LOBBY A gathering place. Introductions, sports, showin' off your ride, birthday-anniversary-milestone, achievements, family oriented humor.

          
Reply
 
Thread Tools Display Modes
  #1  
Old 10-11-2021, 03:27 PM
64-3Deuces's Avatar
64-3Deuces 64-3Deuces is offline
Senior Chief
 
Join Date: Mar 2017
Location: MIdwest
Posts: 381
Default

Quote:
Originally Posted by 1965gp View Post
I guess I never understood why they could not keep Pontiac in the US and sell Buick’s in China? It’s not as if they are selling the same car in the US and China, there are many structural, design and safety differences.
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

  #2  
Old 10-11-2021, 04:17 PM
U47 U47 is offline
Chief Ponti-yacker
 
Join Date: Feb 2010
Posts: 868
Default

Quote:
Originally Posted by 64-3Deuces View Post
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.

Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 09:31 PM.

 

About Us

The PY Online Forums is the largest online gathering of Pontiac enthusiasts anywhere in the world. Founded in 1991, it was also the first online forum for people to gather and talk about their Pontiacs. Since then, it has become the mecca of Pontiac technical data and knowledge that no other place can surpass.

 




Copyright © 2017