Though General Motors apparently rejected the first offer a group of investors led by Jim Waldron made for the Pontiac brand, the Michigan car dealer says he’s back with a strong offer that would include the plants and equipment needed to keep producing Pontiacs.
GM has said that it would be willing to entertain offers for Pontiac, though the Detroit automaker has shown far less interest in selling off the historic brand than it has Hummer, Saab and Saturn – all of which have since found tentative buyers.
Waldron, a Pontiac dealer in Davison, Michigan, told Mid-Michigan’s NBC-25, “GM has a history of building a great, great quality car, and then discontinuing it. So we’re going to try to change that history.”
“I found the financing for it,” he said. “I’ve just got to get GM to agree to do something with it.”
However, Pontiac spokesman Jim Hopson said earlier this month that the brand’s small stand-alone dealership count, combined with its lack of unique products, would make it difficult to sell off.
“We can not see how it could be a viable business given the fact that it’s so interconnected with the other GM brands,” he said.
