GM Cutting 21,000 Jobs & Pontiac

WXYZ-TV ^ | 04/27/09 | Varios

[Kieri]

DETROIT (WXYZ) - General Motors is reportedly cutting 21,000 hourly jobs and the entire Pontiac brand in what is being called a major restructuring effort.

The plan is expected to be formally announced in a 9:00 AM news conference

WXYZ.COM WILL PROVIDE LIVE STREAMING COVERAGE OF THE EVENT

Stay with Action News and WXYZ.com for the latest on this breaking news.

[Vaquero]

RINO facts

[HonorInPa]

Should be Honda/Acura

[avacado]

Your post is meaningless.

[RexBeach]

A line since 1926, and now Pontiac will be gone.

Over the years that division made some fine cars.

The UAW killed it, and so did management by signing on to those contracts.

That is a shame and a disgrace.

[Nervous Tick]

>> It’s difficult to make a profit in the auto industry if one’s sales are below the breakeven point.

Can’t you just make up for it in increased volume? :-)

[ClearCase_guy]

These companies should have gone through chapter 11 last year and restructured to eliminate the bleeepin unions.

You know you're in trouble when the one thing that might fix the problem is also the one thing that absolutely, positively won't be considered as a solution.

[combat_boots]

Now That's a Car

[neodad]

Drove a ‘66 GTO my senior year of high school. Now that was a car!

[ikka]

It’s hard to believe that they’d cut Oldsmobile and Pontiac, but keep BUICK! LOL. Guess they know what they are doing, though.

Buick is a huge brand in China, very profitable for GM. That might be part of the reason, also the Enclave is supposed to be doing well.

[Leisler]

I bet most business don’t go through a Chapter, they just muddle along, getting weaker every year.

Cars are a mature, commodity business with low profit margins, by and large. Glorified metal boxes, with bolt on seats, four tires and an engine.

Committed Japanese, German companies will continue to assemble here. Ford will get GM/Chrysler owners, if Ford isn’t so weakened with GM/Chrysler getting tens of billions and sucking customers off. The government still has a good chance of dragging this out until Ford is on welfare too

[N. Theknow]

Unions have not only wrecked the finances of the auto companies, but are also responsible for electing politicians who have written laws making it virtually impossible to build a product that anyone wants to buy.

Usually when someone shoots themselves in the foot they don't shoot the other foot to have a matching pair.

[Leisler]

Wouldn’t you really rather have (a) Buick?

(God I’m old!)

[Vaquero]

updated 4:33 p.m. ET, Fri., Oct . 3, 2008
President Bush signed into law Friday a historic $700 billion bailout of the financial services industry, promising to move swiftly to use his sweeping new authority to unlock frozen credit markets to get the economy moving again.

All a part of the same RINO Socialist Strategy. If you deny that you are delusional.

[combat_boots]

'66 GTO. Cool.

[Leisler]

Proscription Drug with Kennedy.

Education with Kennedy.

Paulson 700 billion overnight bailout, unread by any elected official.

[bonehead4freedom]

So you do you actually read Martin Gotlieb,Ellen Belcher & my favorite Mary McCarty? I try too but when I do I have to give up reading such stupidity before the second paragraph!

[jersey117]

Obama campaigned on saving their jobs. Another broken promise. I’m sure they’ll all vote for him again though.

[Free America52]

I had a ‘69 GTO, great car until it caught on fire . . .

[TC Builders]

It was Bush, Congress said no to the automakers and Bush went around them and gave them money from the TARP funds.

[Paradox]

AS much as I like the sportiness of Pontiac’s, fact is, they can simply roll their best models down to Chevy. For the longest time, I’ve always thought that GM should only be Chevy (budget/performance), Buick (mid-level nice cars), and Caddy (top of the line). I guess you can keep GMC there somewhere as well. GM should have done this long ago.