RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Pontiac car brand goes out of business Mon Nov 01, 2010 3:01 am | |
| Pontiac - one of the US car industry's most iconic brands - has finally gone out of business.
It happened a year after its parent company General Motors announced its shutdown in a major restructuring.
Set-up in 1926, Pontiac came to embody the image of the American muscle-car, with hugely popular models like the Bonneville, GTO and Firebird TransAm.
The cars featured in Hollywood movies in the 1960s-70s. But sales had been in decline since the 1980s.
Finally, GM's catastrophic financial problems spelt the brand's demise.
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