In a drive to survive, GM and Chrysler stay one step ahead of a bankruptcy filing. GM will scrap the 84-year-old Pontiac brand, close more plants, cut 23,000 workers by 2011 and essentially shrink by a third over the next six years. If bondholders accept a deal to convert their stake to stock – and … Continue reading Swine flu and the death of Pontiac (they are unrelated)