According to an interview with Automotive News, Troy Clarke, GM’s North American president, General Motors will keep its promise to Congress to drastically cut costs AND brands. Clarke said that GM will now focus its “product and marketing resources” on Buick, Chevrolet, Cadillac and GMC.
That means Pontiac, Saturn, Saab and HUMMER face an uncertain future at best, or the chopping block for sure. HUMMER will most likely be sold off or cut entirely (a 60+% drop in sales can do that for a division). Saab probably faces the same fate. GM said it would sell or close Saturn. Since no one has yet stepped forward with cash, or even interest in Saturn, their future is not at all certain. So the rumors that Saturn would be folded in with Chevy or possibly Pontiac seem to be untrue.
Speaking of Pontiac, Bob Lutz said to Automotive News that Pontiac will shrink to offering only four models: the G8, G5, Vibe and Solstice. This news jives with what GM said to congress about making Pontiac a niche brand.
So, it looks like severe times are indeed ahead for what was once the largest, greatest car company on the planet. But let’s get serious for a second … after the jump.
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