Wednesday, November 17, 2010
Pontiac is out-of-business
DETROIT (AP) -- Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
The 84-year-old brand, moribund since General Motors decided to kill it last year as it collapsed into bankruptcy, had been in decline for years. It was undone by a combination of poor corporate strategy and changing driver tastes. On Oct. 31, GM's agreements with Pontiac dealers expire.
http://finance.yahoo.com/news/Pontiac-maker-of-muscle-cars-apf-2786184062.html?x=0&sec=topStories&pos=2&asset=&ccode=
The 84-year-old brand, moribund since General Motors decided to kill it last year as it collapsed into bankruptcy, had been in decline for years. It was undone by a combination of poor corporate strategy and changing driver tastes. On Oct. 31, GM's agreements with Pontiac dealers expire.
http://finance.yahoo.com/news/Pontiac-maker-of-muscle-cars-apf-2786184062.html?x=0&sec=topStories&pos=2&asset=&ccode=
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