Directory
THE AUTO INDUSTRY BAILOUT
Print
Email
ReprintsReport: GM studies killing Saab, Saturn, Pontiac
Automotive News
November 26, 2008 - 6:32 pm ET
DETROIT -- General Motors is studying the idea of killing the Saab, Saturn and Pontiac brands as it seeks U.S. rescue loans, Bloomberg News reported today. Bloomberg cited unnamed sources. A GM spokesman declined comment, the news service said. The automaker is preparing to submit a detailed turnaround plan to Congress on Tuesday, followed by hearings next week in its quest for a federal loan to avert a cash shortage. GM already has said it may sell Hummer. GM's board will meet Sunday and Monday, both regularly scheduled meetings, to review the plan to be presented to Congress, Bloomberg said. Only a small portion of that plan will be made public. |
COMMENTS
Readers are solely responsible for the content of the comments they post here. Comments are subject to the site's terms and conditions of use and do not necessarily reflect the opinion or approval of Automotive News. Readers whose comments violate the terms of use may have their comments removed or all of their content blocked from viewing by other users without notification.
RSS Feed
|
