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Pontiac Is Going Out of Business. Published: 1 Nov 2010, 10:16 UTC โข By: Andrei Costea. After 84 years, former performance division of General Motors is going out of business. On April 27, 2009.
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There were two primary reasons for GM's decision to dispense with the brand. Pontiac has been unprofitable during the last few years of its existence. This put Pontiac in a fatal position given.
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Saturn's first car, the S-Series, was a mold-breaker for GM and was well received, as were other '90s-era models. But difficulties in the early 2000s and the Great Recession killed three GM brands.
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DETROIT - After General Motors turned off its engine over a year ago, Pontiac officially went out of business on Sunday, Oct. 31, as its agreements with dealerships across the country.
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March 7, 2023 by Abdul The Pontiac brand has been a long-standing staple in the automotive landscape, with a reputation for producing reliable, stylish, and affordable vehicles. But in 2010, General Motors (GM) announced it would be discontinuing the Pontiac brand, leaving many to wonder, "Does General Motors still make Pontiac cars?"
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Pontiac was one of the most iconic All-American muscle car brands of its time before General Motors (GM) decided to discontinue the brand in 2010. The decision was a nail in the coffin for muscle car enthusiasts who had an affordable option for performance muscle cars in Pontiac.
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Part of why Pontiac went under was shifts in costumer's buying trends. Pontiac's were supposed to be sub-luxury, full-ish sized cars. In recent years that market has all dried up as people are either buying compacts and sub-compacts, or buying proper luxury cars. Their cars cost too much to be economy cars, but weren't nice enough for people to.
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Advertisement January 20, 2023 by Abdul The decision to close Pontiac, a long-time General Motors (GM) brand, in 2009 was a controversial one. After over a century of producing cars, Pontiac was suddenly discontinued, leaving drivers with a void in an industry that had long been dominated by the brand.
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There were two main reasons for GM's decision to dump the brand. It has been a losing business for the last few years. Due to the financial crisis that occurred prior to GM's bankruptcy in 2009, this left Pontiac in an impossible situation. Will Gm Bring Back Pontiac? Credit: motorbiscuit
The Rise And Fall Of Pontiac Exploring The Reasons Behind The
One of the biggest reasons was the financial crisis of 2008, which caused a significant drop in the demand for vehicles. After the crisis, General Motors decided to focus on its more profitable brands and decided to discontinue Pontiac.
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Why was the Pontiac brand discontinued? Several mitigating factors led to Pontiac's downfall, a few poorly designed cars hurt the brand's name and few car companies escaped the 2008 Great Recession unscathed. This is the story of the rise and fall of Pontiac, an American classic that went bust. 9 They Started As The Oakland Motor Company In 1907
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It was revealed at the time that Pontiac was meant to become General Motors' performance brand, similar to what Dodge is today. Because of GM's bankruptcy and subsequent government rescue, the Detroit-based company ultimately abandoned the brand entirely. It was one of the most well-known American car brands.
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February 6, 2023 by Abdul In 1893, a young man named Pontiac began a venture that would soon become a renowned automotive brand. Named after an Ottawa chief, this iconic brand of cars has been around since the late 19th century, and has been a symbol of power, performance, and style ever since.
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On April 27, 2009, as part of its reorganization plan, GM announced it would phase out the Pontiac brand by 2010. A little over a month later, on June 1, GM filed for Chapter 11 bankruptcy.
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Pontiac - one of the US car industry's most iconic brands - has finally gone out of business. It happened a year after its parent company General Motors announced its shutdown in a major.
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January 26, 2023 by Abdul In 2009, General Motors declared bankruptcy and Pontiac was one of the brands that was discontinued as a result of the company's financial struggles. The demise of Pontiac was the result of a combination of factors, ranging from a decline in sales to a lack of innovation.