GM Brands Head To The Chopping Block

Pontiac, Hummer, Saab and Saturn are slated to go as General Motors works to exit Chapter 11 bankruptcy protection.

DETROIT (AP) -- A summary of what brand General Motors is shedding as it exits Chapter 11 bankruptcy protection:

WHICH BRANDS ARE SLATED TO GO?: Pontiac, Hummer, Saab and Saturn.

WHERE DO THEY STAND?: GM said it would stop making Pontiac brand cars. GM is selling Hummer, Saab and its Saturn dealer network.

WHAT'S NEXT?: Pontiac production is scheduled to wind down by the end of the year as the company discontinues the brand.

Auto racing magnate Roger Penske has signed a memorandum of understanding that would give his dealership chain, Penske Automotive Group, control of Saturn's 350 dealerships. GM plants that make Saturns -- along with other cars -- will either be closed or manufacture other GM vehicles.

GM has a memorandum of understanding to sell Saab to Koenigsegg Automotive AB, a Swedish custom sports car maker. Saab is in bankruptcy protection in Sweden.

GM has a tentative agreement to sell its Hummer line to Sichuan Tengzhong Heavy Industrial Machinery of China, but the deal may fall apart. Chinese regulators may block Tengzhong's bid to purchase the vehicle line because the maker of construction machinery may lack the expertise to run Hummer.

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