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GM to hold Pontiac and Saturn fire sale

Report says buyers could save up to 46 per cent off sticker prices

General Motors Co., kept afloat with billions of U.S. taxpayer loans, has apparently sent a letter to its dealers saying it would pay them US$7,000 for every remaining Pontiac or Saturn that is moved to dealer-operated rental or service-vehicle fleets, which would then allow the new vehicles to be sold to consumers as “used” for deeply discounted prices, according to the Wall Street Journal. The move is an apparent effort to clear the leftover cars off lots after GM killed the brands as part of its ongoing restructuring.

Los Angeles Times

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