Sunday, March 4, 2012

GM: Future rests on Chevy, Cadillac, Buick and GMC.(NEWS)

Byline: Jamie LaReau

When General Motors submits its viability plan to Congress next month, it will outline what its future U.S. market share will need to be with just four core brands.

GM plans eventually to go to market with just the four core brands: Chevrolet, Cadillac, Buick and GMC. Pontiac will shrink "significantly, GM COO Fritz Henderson said.

Saturn, Saab and Hummer are under strategic review.

Speaking last week at the Automotive News World Congress, Henderson said GM is finalizing the viability plan it must submit to Congress on Feb. 17. It is looking at industry volume assumptions and pricing to determine what market share GM will need …

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