No more pontiacs
04-27-2009, 09:03 AM
#1
GEEZER
Thread Starter
No more pontiacs
GM to cut 21,000 US factory jobs, shed Pontiac
DETROIT (AP) -- General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take stock in exchange for half GM's government debt as part of a major restructuring effort that would leave current shareholders holding just 1 percent of the company.
More: http://finance.yahoo.com/news/GM-to-...-15039195.html
DETROIT (AP) -- General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take stock in exchange for half GM's government debt as part of a major restructuring effort that would leave current shareholders holding just 1 percent of the company.
More: http://finance.yahoo.com/news/GM-to-...-15039195.html
04-27-2009, 09:11 AM
#3
GEEZER
Thread Starter
04-27-2009, 09:18 AM
#4
04-27-2009, 09:39 AM
#5
GEEZER
Thread Starter
well alrighty then.
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gavriil
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02-01-2005 09:31 AM
