General Motors announced Monday that they plan to cut 21,000 factory jobs and get rid of their Pontiac line of cars.

   As expected, General Motors (GM) announced on Apr. 27 that it will kill its storied Pontiac brand by next year. GM CEO Frederick A. Henderson said in a morning news conference that a business analysis found that Pontiac cannot be viable and that Pontiac will be discontinued "no later than 2010." Henderson added that the move was "a tough decision for us." With the closure or sale of other brands including Saturn, Hummer, and Saab, Henderson said GM will go forward with four brands—Chevrolet, Cadillac, Buick, and GMC. GM said it would cut 21,000 U.S. factory jobs by next year and slash its dealerships by 42%, from 6,246 to 3,605, from 2008 to 2010. The automaker plans to ask the government to take company stock in exchange for half of GM's government debt as part of a major restructuring effort needed to get more aid. It will offer 225 shares of common stock for every $1,000 in notes held by bondholders as part of a debt-for-equity swap. www.businessweek.com    my all time fav american muscle car

that was yesterday. Yesterday is gone. Producing cars the markets worldwide dont want anymore .. there will be more brands that will bite the dust in near future

Still, it's sad that the name behind the legendary TransAm is going to disappear

:*(

In terms of backseat-fun I fell sorrow for that decision :-)

My first backseat experiences took place in a small VW Golf - that was damn hard work!! 55555

I thought you were going to announce someone was getting married....maybe you. so disappointed.