Race Car Talk

General Motors is currently seeking a buyer for Hummer, is looking to sell a stake in Opel, plans to cut its ties with Saab, and is open to almost anything with Saturn, but despite the drastic moves the auto industry task force established by President Obama is still seeking more. After rejecting the second round of viability plans from GM at the end of last month, the carmaker was given just 60 days to restructure or face paying back all its government funded loans.

Facing a new June 1 deadline to restructure, GM will need to make more cuts to appease the task force and recent reports have indicated that these cuts may include dropping Pontiac and GMC.

2010 GMC Terrain

Read more

Related posts:

1. Obama’s auto task force wants to avoid bankruptcy
2. Obama’s car industry task force shuns domestic cars for personal use
3. 2009 Pontiac G3
4. Pontiac: G8 and Solstice not being canceled