UPDATE!: GM Cutting Another Division?
Article Updated June 21, 2008
Since the publication of this article GMI has had several other sources approach us confirming what was reported; that another brand is being looked at to cut. Our sources are all stating that the BPG (Buick-Pontiac-GMC) brands were the top considerations, but it has since been narrowed to GMC or Pontiac. However, our sources have also used the "Saab" name in discussions we have had with them...however NOTHING regarding the Saab brand has been confirmed by GMI.
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Just recently General Motors announced to stockholders that they were "considering" selling their Hummer division due to rising fuel costs and development costs. GMInsidenews learned earlier today that GM is operating Hummer like they will be for-sure selling it. The GMT-700 H3 program has been canceled entirely and the H4 program is being sustained for the next owner. However that is not the big news here.
GMI also learned that GM is considering killing off one more division; GMC or Pontiac. At the moment the GM Board of Directors is leaning toward killing GMC as the brand is made up entirely of rebadges. The Board is also taking into consideration that GMC is mostly trucks and SUV's, both market segments that slowly dwindling. They are also toying with placing Saturn into the PBG sales channel if they do end up cutting GMC or Pontiac. This would be done in order to increase sales volume in the channel.
Recap: Hummer sounds all but dead internally, another division may not be far off. GMC is the top consideration for cutting, but Pontiac is certainly not far down the list. When GM will decide? We have not been told. Please remember that all of the above are RUMORS and should not be taken as solid fact.
Stay tuned to GMI for the latest!!