Gm ‘Conflicted’ about Selling Pontiac Brand

“General Motors is saying “nothing is off the table” and that it will consider reasonable offers to buy the Pontiac brand, though the automaker previously has said the brand isn’t for sale.

GM dealer Jim Waldron of Jim Waldron Pontiac Buick GMC Inc. in Davison said he and five investors want to buy the brand, plants and equipment needed to make Pontiacs from the bankrupt automaker.” - More from Mlive.com…

“Just a few weeks ago General Motors announced it would be winding down its Pontiac division by 2010, but the Detroit automaker could be having a change of heart. After declining one dealer’s offer to buy the Pontiac brand last month, GM CFO Ray Young has revealed the company would consider offers for the lame duck brand.

In an interview with Bloomberg Radio, Young said General Motors would be willing to listen to offers for the Pontiac brand. That is a reversal from last month when Tom Pyden, GM’s vice president of communications, told an ABC affiliate that GM had no interest in selling Pontiac.” - More from LeftLaneNews.com…

This entry was posted on Monday, June 8th, 2009 at 6:44 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed.