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Pontiac, or formally the Pontiac Motor Division of General Motors, was an American automobile brand owned, manufactured, and commercialized by General Motors. It was originally introduced as a companion make for GM's more expensive line of Oakland automobiles. [ 3 ]
The location that Oakland inhabited was the original site of Cartercar when GM bought the company in 1909 by William Durant. [1] The plant ceased production of full-size Pontiacs after the 1980 model year but continued to build mid-size Pontiacs ('81-82 Grand Prix, '81 LeMans, '82 Bonneville G) until being idled on August 6, 1982. [2]
General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges. The United States Treasury was represented by the United States Attorneys Office for the Southern District of New York and Cadwalader, Wickersham & Taft LLP. An ad hoc group of the bondholders of General Motors Corporation was also represented in court. [47]
This just in: A Midwest expat is urging GM to revive the Pontiac brand, a retiree mourns decline in car quality, a reader is frustrated with the GOP. Dumping Pontiac was a mistake. GM should bring ...
Why did General Motors (GM) fail? The fifth reason is that GM was managing in the bubble. The current disaster in which GM finds itself makes one wonder, how could it have been so incredibly stupid?
General Motors (GM) was founded in September of 1908. On June 1, 2009, at 8 a.m. -- almost 101 years later -- it ceased to exist, and control was handed over to turnaround executive Al Koch ...
Wilmington Assembly was a General Motors automobile factory in Wilmington, Delaware. [1] The 3,200,000-square-foot (300,000 m 2) factory opened in 1947, and produced cars for GM's Chevrolet, Pontiac, Saturn, Opel, Buick and Daewoo brands during its operation. GM closed the plant on July 28, 2009. [2]
June 19, 2009: Deadline for filing all objections to the sale of General Motors. June 22, 2009: Deadline for making competing bids in the auction of General Motors' assets. June 25, 2009: Final hearing on the bankruptcy loan. July 10, 2009: Deadline for completion of the sale, requested by the U.S. Treasury and General Motors. [9] [10]