General Motors Update

The big news is that the Firebird is dead, as GM will eliminate Pontiac, though it is keeping GMC.

I wonder if they will look for a legislative fix to minimize the costs of winding it down, as GM had to pay billions to dealers when it wound down Oldsmobile a few years back.

Additionally, they gust got $2 billion more lent to them, which implies that the folks looking at this on the automotive task force think that they are getting their sh&% together.