DETROIT — When General Motors submits its viability plan to Congress next month, it will outline what its future U.S. market share will need to be with just four core brands.
GM plans eventually to go to market with just the four core brands: Chevrolet, Cadillac, Buick and GMC. Pontiac will shrink "significantly," GM COO Fritz Henderson said.
Saturn, Saab and Hummer are under strategic review.
Speaking last week at the Automotive News World Congress, Henderson said GM is finalizing the viability plan it must submit to Congress on Feb. 17. It is looking at industry volume assumptions and pricing to determine what market share GM will need to be viable.
In that plan, GM also is expected to supply more specifics on what it will do with Saturn and Saab. Hummer has been for sale since last summer. Henderson said the "status quo" for Saturn will not work.
"We need to do something different with the Saturn brand," he said
Henderson stopped short of saying GM would shutter Saturn, but he made it clear that changes are ahead for the division. As Automotive News first reported, another option is for Saturn dealers to buy the division.
Likewise, GM is working with the Swedish government on a plan for Saab.
"We're engaged with the Swedish government as we speak," Henderson said. "We've talked to investors, and we'll see where it goes."
Three-quarters of Saab sales are in Europe, he said. "Saab is not a U.S. strategy."