Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM

GURPS

INGSOC
PREMO Member
Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says


When General Motors shut down Pontiac, it left a lot of enthusiasts wondering why. It was primed with a lineup of powerful, rear-wheel drive models, and seemed like it had a bright future ahead of it. It turns out that GM killed it on government orders, according to former GM Vice Chairman Bob Lutz.P

Friend of Jalopnik and west coast editor for Autoweek Blake Rong had an interview with Lutz today, and from what Rong is putting out on his Twitter feed, it's full of plenty of bombshells. None bigger, though, than this one:p

[pic at link]



I must have missed the memo .. I know Olds and Saturn went away



Pasted below is a transcript of his words. I've bolded the most important parts:p

The Feds basically wanted to get GM down to Cadillac and Chevrolet. They said, "you don't need all these brands. You need one prestige brand, and one mass-market brand." And we said "well we can't get rid of Buick because Buick is important in China, and if Buick becomes an orphan in the United States then the Chinese are no longer gonna be interested in it." And the Feds said "Fair enough, but everything else goes." We said well we'd also like to keep GMC. They said "well, GMC is basically just like Chevrolet," and we said "that may be true, there may be a lot of shared components, but GMC has an entirely different image, a different customer base, and people are willing to pay different prices for a GMC, and here's the profitability," and the Feds said "whoops, okay, keep GMC."

So now we had Buick, GMC, Cadillac, and Chevrolet, and then, I wanted, badly wanted, to keep Pontiac, because Pontiac was on its way back, and it had been mismanaged for a number of years, you know, with 'rebuild excitement,' and the excitement was only in the plastic body cladding, mechanically there was nothing about Pontiac in the 90s that would make your heart beat faster. And with the solstice and solstice coupe, and with the Pontiac G8, which was a great car. We were embarked on a strategy of making pontiac different from the rest of GM in that Pontiac wouldn't get any front wheel drive cars, they would all be rear-wheel drive, and the next G6, was going to use the architecture of the cadillac ATS, it was going to be a 3-series sized rear-wheel Pontiac, with basically the Cadillac ATS 'de-premiumized,' obviously, a lot of the cost taken out, but still fundamentally that architecture.
 
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Larry Gude

Strung Out
What's the point here, that the government take over of GM was a political exercise and not a sound business decision? We didn't already know that?
 

GURPS

INGSOC
PREMO Member
What's the point here, that the government take over of GM was a political exercise and not a sound business decision? We didn't already know that?


sure it was political ...
.... I found it of note ....

[debbie downer]
 

Larry Gude

Strung Out
sure it was political ...
.... I found it of note ....

[debbie downer]

That's just such a tiny piece of...crap...that occurred over the bail outs. The shredding of accepted contract law, especially concerning Chrysler, is FAR more onerous and odious.
 
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