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View Full Version : Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says



osoab
29th October 2013, 06:22 PM
Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says (http://jalopnik.com/the-feds-killed-pontiac-bob-lutz-says-1452735716)

That was going to be the next G6, and I think we could've moved pontiac away from every other American volume brand and really started positioning it as attractive US alternative to some of the, and obviously at much lower prices than the european rear-wheel drive cars, but the Feds said "yeah, let's just, how much money have you made on pontiac in the last 10 years?" and the answer was "nothing." So, it goes. And, when the guy who is handing you the check for 53 billion dollars says I don't want pontiac, drop pontiac or you don't get the money, it doesn't take you very long to make up your mind.

Uncle Salty
29th October 2013, 06:25 PM
I have no problem with that.

GM wasn't working, so cut bait.

osoab
29th October 2013, 06:32 PM
If you read the piece at the link, the feds started out with only keeping chevrolet and cadillac.

Silver Rocket Bitches!
29th October 2013, 06:57 PM
They dropped Saturn too which had a great line of dependable cars. Reading this it's obvious the gubmint forced them to drop lines or not get a bailout. THE BANKS, however, had no such stipulations. They received bailouts which they used to buy up smaller banks, yachts, property, bonuses and political power. Utterly sickening.

Ponce
29th October 2013, 09:46 PM
They should sell the factory to Toyota.....after all....."TOYOTA, buy it today and you will drive it tomorrow"

V