Jim waldron to buy Pontiac?
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Jim waldron to buy Pontiac?
Does anybody know what happened to this story(below) any news on it recently?
General Motors says it will consider 'reasonable' offers for Pontiac brand
by Melissa Burden | The Flint Journal
Friday June 05, 2009, 1:33 PM
Davison, Michigan -- General Motors is saying "nothing is off the table" and that it will consider reasonable offers to buy the Pontiac brand, though the automaker previously has said the brand isn't for sale.
GM dealer Jim Waldron of Jim Waldron Pontiac Buick GMC Inc. in Davison said he and five investors want to buy the brand, plants and equipment needed to make Pontiacs from the bankrupt automaker.
Jim Hopson, a spokesman for the Pontiac brand, said that Pontiac has fewer than 40 standalone Pontiac dealerships nationwide, which would make it hard to sell the brand.
Typically, franchise agreements prohibit dealers from selling competing brands in the same showroom, Hopson said. In all, some 2,500 GM dealerships sell Pontiacs, he said.
"We're not taking anything off the table and we'll listen to any reasonable offer," Hopson said.
"We can not see how it could be a viable business given the fact that it's so interconnected with the other GM brands," he added.
Hopson said he doesn't know if anyone at Pontiac is talking to Waldron. Waldron said he has meetings set up next week on the proposal.
Current GM plans are to phase out the Pontiac brand by the end of 2010. Dealers would wind down their Pontiac inventory by October 2010.
General Motors says it will consider 'reasonable' offers for Pontiac brand
by Melissa Burden | The Flint Journal
Friday June 05, 2009, 1:33 PM
Davison, Michigan -- General Motors is saying "nothing is off the table" and that it will consider reasonable offers to buy the Pontiac brand, though the automaker previously has said the brand isn't for sale.
GM dealer Jim Waldron of Jim Waldron Pontiac Buick GMC Inc. in Davison said he and five investors want to buy the brand, plants and equipment needed to make Pontiacs from the bankrupt automaker.
Jim Hopson, a spokesman for the Pontiac brand, said that Pontiac has fewer than 40 standalone Pontiac dealerships nationwide, which would make it hard to sell the brand.
Typically, franchise agreements prohibit dealers from selling competing brands in the same showroom, Hopson said. In all, some 2,500 GM dealerships sell Pontiacs, he said.
"We're not taking anything off the table and we'll listen to any reasonable offer," Hopson said.
"We can not see how it could be a viable business given the fact that it's so interconnected with the other GM brands," he added.
Hopson said he doesn't know if anyone at Pontiac is talking to Waldron. Waldron said he has meetings set up next week on the proposal.
Current GM plans are to phase out the Pontiac brand by the end of 2010. Dealers would wind down their Pontiac inventory by October 2010.
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It still boggles my mind why GM would KEEP GMC and get rid of Pontiac. Chevy and GMC are the same ******* brand.... and Buick? Cadillac is more then capable of being the luxury line.
Chevy/Pontiac/Cadillac = win.
Chevy/Pontiac/Cadillac = win.
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Not to mention it's one of the best selling brands in China.
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imo other than a decent looking early 90s buick regal GS coupe and maybe the 98+ 4 door one with the 3800SC motor, Buick hasn't had a good car in 22 years.
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If they sell Pontiac what kinda drive trains are gonna come with these cars? I'd hate to see the G8 with a Ford V8 or whatever they can get in mass for cheap!