Here is new piece of news for car lovers around the world. GM is now to discontinue with its Pontiac model. Yes, you heard it right, General Motors has finally said bye to the production of its Pontiac model.
Recently, the company said that this brand in particular has decreased its payroll and is getting heavy on its resources so the company has finally come to the conclusion of discontinuing it finally.
The latest news in the automobile world is that automobile industry giants, GM and Ford stocks record big gains. These recent gains hint to the expectations that investors are showing faith that the automakers like Ford and General Motors will be able to get federal loans.
It was the first time in the last 28 years, when the shares in General Motors Corp. and Ford Motor Co. recorded their biggest single-day gains. On one hand, GMʼs stock gain jumped from $ 1.25 to 35.11 %, i.e. nearly $ 4.81 in the New York Stock Exchange. On the other hand, Ford gained 49 cents or 29.52% in its shares finishing it at $ 2.15.
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