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GM might drop its GMC truck and Pontiac brands


General Motors is playing with the idea of dropping both the Pontiac and the GMC truck brands in an effort to improve its financial position and avoid bankruptcy, according to published reports.

It also appears the Chrysler-Fiat deal under which Fiat would acquire a 20 percent interest in Chrysler has hit a serious roadblock with less than two weeks to go before the U.S. government will decide to refuse any further financial assistance and allow Chrysler to go into bankruptcy.

No agreement has been reached with Chrysler’s autoworkers, and Fiat officials say that without wage concessions, the potential deal is dead. If that happens, it is likely Chrysler would be broken up and its various parts be put up for sale by potential investors.

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