GM considers shedding SAAB, Saturn, Pontiac.....

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They are in enough of a fix, they need to trim the fat. Get rid of what isn't working or selling period. If that means certain models of cars, then fine. If that means entire divisions such as Pontiac etc., then so be it. They have no reason, nor any leverage to be trying to save any division or automobiles(s) if it's not selling.
Now's not the time for them to be sentimental. It's time for them to pick either survival or death.
 
Too bad, Ive always liked Saturn's small 90's cars.
That Ion is just ugly, couldn't get my daughter to get one, she purchased a Civic instead, and I could not blame her.
 
Originally Posted By: Hirev
Originally Posted By: Diesel_Clatter
Isn't the fabulous Saturn Astra an Opel?
I don't know, but the Pontiac Astra was a Vega. Could not believe Saturn used that name for a car again.


The 'Pontiac Vega' was the ASTRE, NOT the ASTRA. Two different words! So no, they didn't use a lame name again!
 
maybe they are getting rid of some divisions, but will turn their models into chevys. Chevy vibe anyone?
 
Buick 9-5?
LOL.gif
Born From Geritol.
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Their "marketing strategy" in the 90's was to steer Saturn owners into upgrading to the Oldsmobile nameplate. How successful was that one?
 
Originally Posted By: Diesel_Clatter
Isn't the fabulous Saturn Astra an Opel?


Saturn Astra=Opel Astra. Same car with different badges and minor gumnt mandated changes for the US market. They are both made in the same factory in Belgium.

The biggest difference is we don't get the full selection of models or options such as engine options.
 
How do you sell something for money when all you have is red ink?

I mean, sure, you can ..but this only makes sense in terms of (like) what they did with Delphi. The difference being that Delphi had great perceived value and collapsed after the spin-off.

If GM is way over leveraged anyway, and gets to sell off anything for (well, the term is relative) cash, the ultimate result can only be a much more worthless entity that has a higher (for lack of a better term) "debt to worth ratio".

It's probably a more managed death. One that can be done incrementally. You wouldn't have to bail out anything at that point. It may keep people working ..albeit at lower wages.


My buddy lost his pension and benefits from DANA. He worked just down the street at the universal joint division. They had a "30 and out" clause. I was surprised that he made it due to demographics. The mass of the work force got in under the wire. Now I see why. They never intended to pay the benefits that they agreed to.

Ah ..what the heck? He's 55 ..he can go get a good job with benefits. Plenty of them around. ..or not
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