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Pontiac Lives: Tire-smokin' GTOs and Trans Ams set for SoCal auction
Mon, 24 May 2010It's been almost a year since General Motors announced the end of the road for Pontiac. While the century-old brand has now joined Oldsmobile, Plymouth and a long list of other iconic makes in the automotive afterlife, the collector market remains more alive than ever. A lineup of 27 classic Pontiacs, including 17 GTOs, will cross the auction block in June.
GM posts $7.6 billion profit for 2011
Thu, 16 Feb 2012General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.
Future products: BMW focuses on small crossovers, new EV subbrand
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