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Since GMC is mainly just Chevy with minor upgrades will GMC be closed down as part of the GM rescue plan. Most people agree that Saab, Hummer and Pontiac will be gone soon but some people seem to think GMC may also be on the list. I hope if they do close down our warranties will be covered by other GM dealers.[/color]
 

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Today I was told by a GMC dealer the number of vehicles sold from top to bottom is;

Chevy
GMC
Pontiac
Buick


I'm not sure where Saturn falls in there, but I'd guess it's below Buick. I could be wrong.
 

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When I was Lambda shopping, I started with the Outlook before deciding on the Acadia. One of the Saturn Internet Managers pointed out to me that they sell as many if not more per dealer than the other brands. I looked at his numbers and he had a good point- Saturn has very few dealers as compared to the other brands. If this is the case, it may be viewed as a successful business model and retained.
 

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It looks like GM's bailout plan it proposed to the government includes operating the Chevrolet, GMC, Buick and Cadillac. Looks like they don't plan to get rid of GMC. :cheers:

http://www.msnbc.msn.com/id/28012984/
 

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Nor do they plan to completely get rid of Pontiac, which is surprising to me. They say it will be a "niche brand". I fear it will continue to be a "money-losing brand". Looks like they're going to cling to the Buick-Pontiac-GMC dealership model.
 

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I hope that Pontiac ends up profitable. I would love my next car to be a G8.
 

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GAR said:
I hope that Pontiac ends up profitable.  I would love my next car to be a G8.
I like the G8 too, but I've heard stuff on the news that GM's restructuring plan for Congress looks to sell Saturn, Saab, and Pontiac.  I have a question about this though.  How do you go about selling a brand such as Saturn (Pontiac is similar) when the Saturn Aura is built on the same line as the Chevy Malibu, the Outlook is built alongside Acadia and Enclave, the Astra is built by Opel, and Sky is built along with Solstice?  How do you sell a brand when all of the products are built in facilities that you will be keeping?  Just curious.  ???
 

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Good point Geo, never looked at it like that. Seems like the buyer would have to spend a lot of $ to create a unique line since there is so much model overlap. Not sure many would want to do that. I suppose the alternative is to sell just the name and manufacturing rights, but they'd still have to basically start from scratch. Then the question becomes where do current and past model owners buy replacement parts? Does GM keep making them? I know they have done so for past discontinued models so long as there is demand.
 

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Retirees Press Release

I couldn't get all of this to copy but hopefully the part about GMC staying will show.
What’s Happening Now

GM Press Release

As requested by the U.S. Senate Committee on Banking, Housing and Urban Affairs and the House Finance Committee, General Motors has submitted a detailed plan for long-term viability. The attached press release covers the highlights of the proposal.

Chairman and CEO Rick Wagoner will testify in front of Senate and House committees on December 4 and 5. It is anticipated that Congress will take a vote on the measure sometime during the week of December 8.

Externally, we plan to make our senior leaders available for media interviews regarding the plan and we expect strong support from many of our third party advocates. Employees and retirees in the U.S. are encouraged to continue reaching out to friends and family to ask them to contact their elected officials on our behalf.

GM Submits Plan for Long-Term Viability
to the U.S. Congress

Reaffirms GM’s commitment to energy-saving vehicles and technologies
Outlines the need for Federal bridge loans and line of credit
Requests Federal board to oversee loans, assist with restructuring
Aggressive plan details GM actions to support long-term success
WASHINGTON – General Motors Corp. today submitted a plan to use Federal bridge loans to create a leaner, more competitive company, one that is profitable and self-sustaining for the long term.

The plan, submitted in response to Congressional hearings in November, includes a detailed blueprint for a successful, sustainable General Motors. Building on a product renaissance and comprehensive restructuring that has been under way for several years, the plan calls for:

Increased production of fuel-efficient vehicles and energy-saving technologies;
Rationalization of brands, models and retail outlets;
Reduced wage and benefit costs, including further reductions in executive compensation;
Significant capital structure restructuring;
Further consolidation in manufacturing operations.
GM is requesting term loans of up to $12 billion to provide adequate liquidity levels through December 31, 2009. GM anticipates an initial draw of $4 billion in December 2008. In addition to the bridge loans, the company is requesting a $6 billion line of credit to provide liquidity should a severe market downturn persist. GM’s intent is to begin to repay the loans as soon as 2011.

Any draws would be conditioned on achieving specific restructuring requirements in the plan. To help expedite these actions and protect the taxpayers, GM is also seeking the creation of a Federal oversight board to oversee the loans and restructuring plan.

GM is requesting the bridge loans and credit line because of a sharp industry-wide decline in vehicle sales. This decline, due in large part to tight credit and record-low consumer confidence, has led to a corresponding drop in dealer orders that is adversely impacting GM’s first-quarter production schedules, revenue forecasts, and liquidity outlook. Federal assistance would enable GM to weather a credit crisis that has driven U.S. industry sales to their lowest per-capita level in half a century, and help the company emerge fully competitive with all manufacturers operating in the U.S.

The complete GM plan is available online. Following are highlights from the plan.

Product Portfolio and Fuel Efficiency – GM has made significant progress in revamping its product lineup, with new GM cars like the Chevy Malibu, Cadillac CTS, Saturn Aura and Opel/Vauxhall Insignia earning car of the year awards. While remaining a full-line manufacturer, GM will substantially change its product mix over the next four years, and launch predominately high mileage, energy-efficient cars and crossovers.

In addition, the Chevy Volt, which can travel up to 40 miles on electricity alone, is scheduled for production in 2010, and GM is planning other vehicles using Volt’s extended-range electric drivetrain. By 2012, more than half of GM vehicles will be flex-fuel capable, and the company will offer 15 hybrid models. GM will continue development of hydrogen fuel cell technology, which, when commercially deployed, will reduce automotive emissions to just water vapor.

During the 2009-12 plan window, GM will invest approximately $2.9 billion in alternative fuels and advanced propulsion technologies, which offer fuel economy improvements ranging from 12 percent to 120 percent, compared with conventional gas engines. As a result, we expect GM to become a significant creator of green jobs in the United States, as well helping suppliers and dealers transform the U.S. economy.

Market and Retail Operations – In the U.S., GM will focus its product development and marketing efforts on four core brands – Chevrolet, Cadillac, Buick and GMC. Pontiac will be a specialty brand with reduced product offerings within the Buick-Pontiac-GMC channel. Hummer has recently been put under strategic review, which includes the possible sale of the brand, and GM will immediately undertake a global strategic review of the Saab brand. As part of the plan, the company also will accelerate discussions with the Saturn retailers, consistent with their unique relationship, to explore alternatives for the Saturn brand.

Manufacturing and Structural Costs – GM will accelerate its current efforts to reduce manufacturing and structural costs, building on significant progress made over the past several years. GM currently has the most productive assembly plants in 11 of the 20 product segments measured by the Harbour Report, and it is a global leader in workplace safety. With the recently negotiated wage rates, turnover expected in our workforce, planned assembly plant consolidations, further productivity improvements in the plan, and additional changes to be negotiated, GM’s wages and benefits for both current workers and new hires will be fully competitive with Toyota by 2012.

Balance Sheet Restructuring – Under the plan, GM would significantly reduce the debt currently carried on its balance sheet. GM plans to engage current lenders, bond holders and its unions to negotiate the needed changes. GM’s plan would preserve the status of existing trade creditors and honor all outstanding warranty obligations to both dealers and consumers, in the U.S. and globally.

Compensation and Dividends – The plan calls for shared sacrifice, including further reduction in the number of executives and total compensation paid to senior leadership. For example, the chairman and CEO will reduce his salary to $1 per year. The common stock dividend will remain suspended during the life of the loans.

Temporary Federal Bridge Loans – GM is seeking a term bridge loan facility from the Federal government of $12 billion to cover operating requirements under a baseline forecast of 12 million U.S. industry vehicle sales for 2009. In addition, GM is seeking a revolving credit facility of $6 billion that could be drawn should severe industry conditions
 

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Maybe just post the link.
 

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A slice from the restructuring plan:

6.1 Marketing and Retail Operations—Today, General Motors competes in the United States with 8 brands. Chevrolet, Cadillac, Buick, and GMC represent the company’s core brands, accounting for 83% of current sales. The company will focus substantially all of its product development and marketing resources in support of these brands. This will result in improvements in awareness, sales, and customer satisfaction for these 4 core brands.

Significant efforts have been expended to combine the Buick, Pontiac and GMC (BPG) brands into a single dealer distribution network, with approximately 80% of these brands’ combined sales sold through BPG-branded stores. This channel will be fully competitive in terms of total entries offered, with Pontiac serving as a specialty/niche brand with reduced product offerings solely intended to complement Buick and GMC models and reinforce the channel as a whole.

Hummer has recently been put under strategic review, which includes the possible sale of the brand. GM will also immediately undertake and expedite a strategic review of the Saab brand globally. Finally, Saturn, which has performed below expectations, has a unique franchise agreement and operating structure. As part of the Plan, the company will accelerate discussions with Saturn retailers and explore alternatives for the Saturn brand.
 
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