Pontiac Dealer Wants to Buy Brand, GM Not Interested

Pontiac Dealer Wants to Buy Brand, GM Not Interested

Jim Waldron, the owner of a Pontiac dealership in Michigan has revealed that he and a group of investors submitted an offer to buy the scheduled-for-termination Pontiac brand from GM. Waldron made the announcement on ABC’s local WJRT station and said that he expects to hear back from the company this week.

GM representatives, including Communications VP Tom Pyden, have said that the brand is not for sale and that as a part of the company’s new Viability Plan submitted to the U.S. government, Pontiac must be phased-out.

Waldron said that it is possible the communications team does not know of the offer.

As the terms of the offer (and, therefore, the price) are private, it is not clear if the offer is reasonable one. Waldron did say that if the offer is accepted his team would look into purchasing vacant plants and hiring a workforce to start manufacturing Pontiacs.

[Source: ABC – WJRT]

  • Maurice Miller

    Pontiac is my second favorite GM line of car ; second only to Cadillac which is too expensive for my budget . That makes Pontiac my first favorite . Over my life span iv’e owned several GM cars 1 buick , 3 chevy’s , 1 cadillac and 3 pontiac’s . Though I’m very fond of GM vehicles and like their quality I’m saddened about this pontiac deal . I currently own a 2004 Gran Prix GTP and was looking forward to someday owning the G8 but I guess that will never happen bye bye” excitement ” .

  • Bobby Ewing

    Its really a shame that Pontiac is being cut. Alot of great cars came out of the brand. Pontiac is an icon in the automotive world. Yes, some might not like the newer cars but no reason to send Pontiac to the grave.

  • Alex

    Seems a rather hasty decision. Would it not make sense to sell a brand a make a profit on it no longer being part of your line up, as opposed to axing it altogether?

  • doc

    I have a 97 TA with 20,000 on it, an 05 GTO with 18,000 on it and a 99 Firebird for a daily driver. I love these cars. I can’t believe Pontiac didn’t outsell the Buick brand. What are the great cars from Buick? Go figure.

  • Russell

    I love my 07 GTP G6 sedan, and really hate that now Pontiac is getting good again, with the GTP, GXP, solstice, and G8.
    I wish this deal would go through, it would be good for all involved, car owners, employers and employees.

  • Brandon

    It figures. Pontiac finally gets off their ass and starts pumping out some really good cars and they get the axe. GM should have already axed Saturn and hummer years ago! they should have never made Saturn actually. 2 months before pontiac got the boot I bought a GTO go figure……

    I hope the sell the brand and to someone who will keep it in America.

  • Joe

    I believe that this move of canceling the brand will alienate Pontiac guys/gals further from GM. There are many loyal GM fans,such as myself, who are disappointed with these events and will look elsewhere on their next car purchase.

    In the last 30 years of GM ownership, I have never had any issue with GM quality, the cars have never ever let me down. However, as powerless as GM management is at this time, my opinion is that canceling Pontiac is another nail in the GM coffin. The downward spiral continues….

    The purchase of the Pontiac brand by Jim Waldron should be allowed to keep this great brand to survive.

  • Fast86GN

    In response to Doc comment posted on May 6th. What are the great cars from Buick? Go figure.

    I agree there are no Buick’s in the USA worth keeping but in China there king! If you drive a Buick in China, it’s like driving a high dollar Mercedes over here. So Buick stays. And the GTP’s everyone else are talking about they are/were Buick powered as was the fastest production Trans Am ever built the 89 TTA powered by the Buick LC2.

    I would love to see the G8 and the TA comeback they call them whatever thay want!

  • Colton

    As a pontiac fan myself, this seems like a great idea. The only problem is GM can’t afford to have the competition of the Pontiac brand. Another reason this won’t happen is that if Pontiac was sold off and became successful, GM would lose many investors who see GM made a mistake.

  • R. Antonik

    If GM will sell the Hummer brand to a Chinese firm, why
    not sell Pontiac to a group of local investors?
    In my opinion, they’ve already made a mistake by keeping
    Buick over Pontiac! How many Buicks do you see on the road?
    I only see older ones driven by older people.
    I’m 62 years old and own a G8GT and love to drive it. It
    puts a little excitement in your life.
    Also, what kind of car does Buick plan to build to compete
    with the smaller hybrids?


« Back

AutoGuide.com’s Monthly Overlay Newsletter Signup – By subscribing to our email newsletter, Entrants are eligible to win one (1) Amazon.com Gift Card (value of $100.00 USD). One (1) winner will be chosen every month at random and contacted by VerticalScope Inc.’s staff. *Amazon.com is not a sponsor of this promotion. Except as required by law, Amazon.com Gift Cards ("GCs") cannot be transferred for value or redeemed for cash. GCs may be used only for purchases of eligible goods at Amazon.com or certain of its affiliated websites. For complete terms and conditions, see www.amazon.com/gc-legal. GCs are issued by ACI Gift Cards, Inc., a Washington corporation. All Amazon ®, ™ & © are IP of Amazon.com, Inc. or its affiliates. No expiration date or service fees.


2. PRIZE: One (1) Winner will be randomly selected every month to each receive: one (1) $100.00 Amazon.com Gift Card (the “Prize Supplier”). Total approximate retail value of all prizes is approximately $100.00 USD. Prizes are not transferable and no cash or prize substitution is allowed. Prize package is awarded "as is" with no warranty or guarantee, either express or implied.

3. ELIGIBILITY: From the time of entry through the final date of prize fulfillment, each contest entrant and selected entrant must be a permanent lawful citizen and resident residing in the 50 United States or the District of Columbia or in Canada, and be twenty one (21) years of age or older. VOID IN PUERTO RICO, THE U.S. VIRGIN ISLANDS, IN ALL FOREIGN COUNTRIES OUTSIDE OF THE UNITED STATES, AND ALL OTHER U.S. TERRITORIES OR CANADA AND POSSESSIONS AND WHERE PROHIBITED OR RESTRICTED BY LAW. Employees, officers, directors, agents and representatives, of the Sponsor and the Prize Supplier and each of their respective parent companies, affiliates, subsidiaries, advertising and promotion agencies, promotion partners and any entity involved in the development, production, implementation, administration or fulfillment of this Sweepstakes, and the immediate family members (e.g., spouse, mother, father, sister, brother, uncle, aunt, nephew, niece, grandparent, in-law, daughter and son, regardless of where they live) and persons living in the same household (whether or not related) of such individuals are not eligible to participate or win. Only one selected entrant per household. All decisions of the Sponsor with respect to this sweepstakes are final. The Sponsor shall have the right at any time to require proof of identity and failure to provide such proof may result in disqualification from the Sweepstakes.

4. ENTER BY INTERNET: You may enter this sweepstakes via the Internet by logging onto AutoGuide.com and subscribing to our email newsletter via the pop-up overlay.

5. SELECTION OF WINNER: One (1) Entrant will be selected by random selection who have subscribed to our email newsletter. The winner may be announced publicly on AutoGuide.com and will be contacted by VerticalScope Inc.’s staff. The winner will be required to provide a mailing address (that is not a P.O. box) to receive the prize which will be shipped free of charge.

6. ODDS OF WINNING: Odds of winning a prize are determined by the total number of eligible entries received.

7. RESTRICTIONS: The prize package consists of one (1) Amazon.com Gift Card with an approximate value of $100.00 USD. If prize cannot be awarded due to circumstances beyond the control of the Sponsor or Prize Supplier, no substitute prize will be awarded due to the unique nature of the prize. Sponsor and Prize Supplier shall not be liable to the winner or any person claiming through winner for failure to supply the prize or any part thereof, by reason of any acts of God, any action(s), regulation(s), order(s) or request(s) by any governmental or quasi-governmental entity (whether or not the action(s), regulations(s), order(s) or request(s) prove(s) to be invalid), equipment failure, utility failure, internet failure, terrorist acts, threatened terrorist acts, air raid, blackout, act of public enemy, earthquake, war (declared or undeclared), fire, flood, epidemic, explosion, unusually severe weather, hurricane, embargo, labor dispute or strike (whether legal or illegal) labor or material shortage, transportation interruption of any kind, work slow-down, civil disturbance, insurrection, riot, or any other cause beyond Sponsor's or Prize Supplier's control (collectively, "Force Majeure Event"). Sponsor shall not be responsible for any cancellations, delays, diversions or substitutions or any act or omissions whatsoever by the performers/events, other transportation companies or any other persons providing any of these services and accommodations to passengers including any results thereof such as changes in services or accommodations necessitated by same.

8. CONDITIONS: By entering the Sweepstakes, entrants agree to be bound by the Official Rules, Terms and Conditions and that Sponsor has the irrevocable right to use in perpetuity entrants' names, user names, likenesses, photographs, voices, home mailing address, biographical and prize information, and entry materials, without notice to entrants and without compensation or obligation, in any and all media now or hereafter known throughout the world, in any manner whatsoever, to advertise and promote Sponsor, its products and services, the Sweepstakes, and for any other purpose except where prohibited by law. Entrant waives the right to assert as a cost of winning a prize any and all costs of verification and redemption or travel to redeem said prize and any liability which might arise from redeeming or seeking to redeem said prize. Sponsor is not responsible for fraudulent calls or emails made to entrants not by the Sponsor. If the Sweepstakes is not capable of running as planned by reason of damage by computer viruses, worms or bugs, tampering, unauthorized intervention, fraud, technical limitations or failures, any Force Majeure Event or any other cause which, in the sole opinion of Sponsor, could corrupt, compromise, undermine or otherwise affect the administration, security, fairness, integrity, viability or proper conduct of the Sweepstakes, Sponsor reserves the right, in its sole and absolute discretion, to cancel, terminate, modify or suspend all or any part of the Sweepstakes, and to select a winner from among all eligible entries received by Sponsor up until the time of such cancellation, termination, modification or suspension, as applicable. Sponsor reserves the right in its sole discretion to disqualify any individual that (i) tampers or attempts to tamper with the entry process or the operations of this Sweepstakes in any manner, (ii) violates the Official Rules, Terms and Conditions or (iii) acts in an unsportsmanlike or disruptive manner, or with intent to annoy, abuse, threaten or harass any other person. CAUTION: ANY ATTEMPT BY AN ENTRANT OR ANY OTHER INDIVIDUAL TO DELIBERATELY DAMAGE OR UNDERMINE THE LEGITIMATE OPERATION OF THIS SWEEPSTAKES IS A VIOLATION OF CRIMINAL AND CIVIL LAWS. SHOULD SUCH AN ATTEMPT BE MADE, SPONSOR RESERVES THE RIGHT TO SEEK CIVIL AND/OR CRIMINAL PROSECUTION AND/OR DAMAGES FROM ANY SUCH PERSON TO THE FULLEST EXTENT PERMITTED BY LAW. Any expenses and receipt and use of the prize and federal, state and local taxes and fees applicable in connection with the prize awarded are the sole responsibility of the winner. An IRS Form 1099 will be issued in the name of the winner for the actual value of the prize received. This Sweepstakes is subject to all federal, state and local laws of the United States. VOID WHERE PROHIBITED. Sponsor, Prize Supplier, and their respective officers, directors, parent companies, affiliates, subsidiaries and advertising and promotion agencies, employees, representatives and agents are not responsible for and shall not be liable for (i) any injuries, losses or damages of any kind caused by a prize resulting from acceptance, possession or usage of the prize, or (ii) printing, distribution or production errors. Sponsor or its affiliates may rescind any promotion found to contain such errors without liability at its or their sole discretion.

9. SPONSOR: The Sponsor of this contest is VerticalScope Inc. (the owner and operator of AutoGuide.com), 111 Peter Street, Suite 700, Toronto, Ontario, M5V 2H1.

Subscribe to our email newsletter and automatically be entered to win.
*Restrictions apply. See offer for details

Get Breaking Automotive News, Reviews and Video in your Facebook Feed!

Already Liked