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cheapbag214s
Posted: Mon 18:21, 02 Sep 2013
Post subject: Iconic Smokey and the Bandit Pontiac cars go out o
Iconic Smokey and the Bandit Pontiac cars go out of business
1893: Founder Edward Murphy establishes the Pontiac Buggy Company in Pontiac,
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, Michigan.
1907: Murphy produces cars under the name Oakland Motor Car Company.
1926: After General Motors buys a stake in the company, Pontiac debuts a five-passenger, six-cylinder car at the New York Auto Show. GM sells 76,
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,742 that year, priced $825.
1935: Pontiac adds chrome trim on bonnets and boots - the 'silver streak',
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.
1941: Market share jumps to 7.6 per cent and production skyrockets to 330,061 units.
1964: Huge engine in a small car,
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. the Pontiac GTO 'muscle car' is born.
1967: The Firebird is unveiled, followed by the Trans Am,
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, made popular in film.
1972: 16 millionth car rolls off production line in November,
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.
2006: Much-lauded fuel-efficient Vibe is introduced but cannot save the company.
2010: GM ceases Pontiac production,
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.
The brand lost its edge and paid the price,
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.
The last one was built in May - a victim of changing tastes and General
Motors' decision to kill it when the company collapsed into bankruptcy.
By 2008, the last full year before GM announced Pontiac's shutdown,
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, sales were 267,
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,000.
Launched in 1926,
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, Pontiac made cars for the working class until a sales slump in the 1950s nearly killed it.
GM revived the brand by linking it to car racing.
Models like the GTO,
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, Trans Am and Catalina 2+2 were packed with horsepower.
But this year,
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, sales are less than one per cent of the 2.2 million cars and trucks GM is expected to sell.
Bill Hoglund, a retired GM executive who led Pontiac during its 'We Build Excitement' ad campaigns in the 1980s, blames the car's demise on company reorganisation.
He said: 'There was no passion for the product,
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.'
Although the changes were necessary to fend off competition from Japanese carmakers with lower costs, Pontiacs looked and drove like other GM cars.
About two dozen unsold Pontiacs now linger at dealerships around the country, including a maroon G5 coupe that sits awkwardly between used cars and new models next to a showroom near Little Rock,
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, Arkansas.
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