Updated: GM May Drop GMC Brand
Update #1 April-16-2009 20:00 PDT:
GM has no plans to retire or drop the GMC brand, said Mark LaNeve, GM's vice president of vehicle sales, service and marketing, in an interview with Automotive News.
Reports that "GMC is going away are just unfounded, unsubstantiated and untrue," LaNeve said.
[Source: Automotive News]
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Bloomberg is reporting that General Motors could drop the GMC light-truck brand, along with Pontiac, as part of GM's deep cost-cutting and restructuring moves necessary to receive federal government bailout funds. If GMC were to disappear, that would likely mean the end of the full-size Sierra and midsize Canyon pickups. Only the Chevrolet Silverado and Colorado trucks would remain in GM's North American product portfolio. However, a Bloomberg source close to the discussions said GMC has a better chance of surviving than Pontiac.
In 2008, GMC sold 168,544 Sierra half-ton and heavy-duty pickups. That's more sales than Mitsubishi's entire car and truck lineup in North America — 163,418.
[Source: Bloomberg]

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