Half the year is gone, and with June’s auto sales figures out the annualized number for the U.S. market is 11.1 million vehicles. Sure, a lot of automakers posted big increases from June of last year, but the reality is the industry has a long way to go.
Coming on the heels of Chrysler’s Chapter 11 announcement is word that after the company emerges from bankruptcy Chief Executive Bob Nardelli will be leaving, according to Automotive News.
The answer is Fiat. And so with that, the Italian auto giant is buying into not the Chrysler of today, but the one that will emerge from Chapter 11 bankruptcy, possibly in a matter of weeks.
The Pontiac Division, once a brand known for high-performance models such as the GTO and Formula Firebird, has died after a long illness. It was 83. Pontiac is survived by four brothers, Buick, Chevrolet, Cadillac and GMC; and three cousins, Saturn, Saab and Hummer. Services are pending.
