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Thread: Congrats to GM!

  1. #11
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    +1,
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  2. #12
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    I never understood the reasoning behind giving Pontiac the ax and keeping Buick? It seems like there were way more Pontiacs being sold compared to Buick?

  3. #13
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    Quote Originally Posted by Fasglas View Post
    I never understood the reasoning behind giving Pontiac the ax and keeping Buick? It seems like there were way more Pontiacs being sold compared to Buick?
    Here 63% (I think can't remember the exact number) of GM's customers are over the age of 55, that's why they kept Buick.
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  4. #14
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    But did they sell more Buicks or Pontiacs? I'm pretty sure I've always seen more Pontiacs on the road around here.

    I guess Chevy and Pontiac were somewhat the same and possibly competed for the same market. But if they were selling good numbers of both, IMHO money talks.

  5. #15
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    well maybe GM stocks will go back up since both my parents work for them and of course are invested. that would be nice!

    EDIT: and since they axed pontiac ya bout can't damn near get one financed
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  6. #16
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    GM sells more buicks globally than any other brand they own. over seas, buick is their cash cow.
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  7. #17
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    i do believe buick shares more common platforms with GM than pontiac does. another reason they might have kept buick.

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  8. #18
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    Buick is huge in China now too
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  9. #19
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    GM no longer owes any debt to the government but the US government still owns 61% of the company, Canadian government owns 11%, I think the UAW owns at least another 15%. The got many billions more in bail outs than what they had to repay. The respective governments took an equity stake for that as opposed to a loan that had to be repaid.

    So still Government Motors unfortunately.
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  10. #20
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    Chevelle!!!!! Chevelle!!!!!!! Chevelle!!!!!!!
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