Word: pontiacs
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...peace) Ford Torino (it too), finally came the day when you wiped your hands of automotive grease and traded in the wrenches for your first new set of wheels and breathed in its intoxicating new-car smell. Having grown up in the backseat of my father's 1957 Pontiac, I had little doubt that my first new car, too, would proudly sport the arrowhead marque...
...Pontiac brand retired on Monday by General Motors was born as the Oakland Car Co. in Pontiac, Mich., in 1907. GM acquired the company two years later. Its 1926 Pontiac model was so popular that the GM division changed the Oakland name in favor of that of the 18th century Ottawa Indian chief. And its GTOs, Firebirds and Bonnevilles were among the leaders of the pack of 1960s muscle cars. (See the 50 worst cars of all time...
...also struggles to avoid bankruptcy and meet a June 1 deadline from the government for restructuring its operations. In its Monday announcement, GM said that by 2010 it intends to close 13 car plants, eliminate 21,000 jobs, reduce its dealer network by 42%, and eliminate the Pontiac brand. It also announced that it has reached an agreement with the U.S. Treasury to convert 50% of the outstanding government loans to the company - or about $5 billon - into GM stock. As a result of this swap, the U.S government would become the majority shareholder of GM. The automaker also said...
...Should GM go into bankruptcy, the plan would involve forming one company around bad assets, such as Hummer and Saturn, and dumping the retiree health-care liabilities into it. That company could be sold off or wound down. A second company would comprise the better performing Chevrolet, Buick, Cadillac, Pontiac and GMC brands. That ongoing firm could be partly owned by the bondholders, the UAW and other creditors...
...year and it withdrew its advertising from the Super Bowl and the Masters Golf Tournament next month, but it is spending an estimated $64 million on the NCAA Tournament, where a 30-second spot runs $1 million, according to Nielsen Media. The spots will promote many GM brands, including Pontiac, a nameplate that is slated to be downsized to just one model over the next few years...