Legendary American Car Brand Pontiac Goes Out Of Business

NEWS

» by tffhthewriter November 2, 2010, 12:00pm

The legend American brand that started the “muscle” car trend is officially closing its doors after 84 years in the business.

According to published reports, Pontiac has officially gone out of business, as of October 31. The brand, whose parent company is General Motors, was forced to shut its doors after GM was forced to phase out some of its cars due to bankruptcy.

Contracts between GM and Pontiac dealers nationwide expired Sunday, ending an iconic brand that was the nation's third best-seller, behind Chevrolet and Ford, during its pinnacle in the 1960s.

Although Pontiac tried several attempts to revive its image over the past 30 years, the brand never achieved the same popularity with its cars as it did with its GTO and Firebird Trans Am.

GM, the nation's largest automaker, announced the end of production of Pontiac last year in its agreement with Congress for federal bailout funds.

The restructuring also involved phasing out Hummer, Saab and Saturn, and shifting focus on Chevrolet, Cadillac, Buick and GMC as core brands.

Follow Us On Twitter

Comments 0 Tags: Auto bail out, Buick, Chevrolet, general motors, General Motors bankrupt, GM, GMC, Hummer, Legendary American Car Brand Pontiac Goes Out Of Business, Pontiac, Pontiac GTO, United States

Stories We Like

Sexiest Pictures Of The Women That Broke Rappers’ Hearts

Top Natural Hair Salon Owners

Our 7 Favorite HBO Shows...Ever

The Top 10 Nastiest Breakups In Hip-Hop

Swizzy’s Side-Piece Christina Elizabeth Comes Clean

« Previous Story Next Story »

Schools That Generate The Most/Least Debt For Grads

Blacks in the Book: 7 Interesting World Record Breakers

Hmmm… Ciara Is Tweeting Subliminals Too

Meet The Craziest Sports Wives And Girlfriends

Schools That Generate The Most/Least Debt For Grads

« Previous Story Next Story »

Signs You're On Your Way To Being A Baby Mama

Films Rebooted With African American Stars

Songs Simon Cowell Says You Shouldn't Attempt To Sing

Why I'm Not Mad At Serena Williams

Amber Rose Heads To The Motherland To Teach The Babies

« Previous Story Next Story »