GM to end Pontiac brand amid restructuring

Staff

DETROIT (AP) — The storied Pontiac brand is dead and more car factories and jobs are about to disappear — the latest casualties of a massive restructuring plan that GM is counting on to help it stave off bankruptcy protection.

The struggling automaker will announce details of its plan at 9 a.m. EDT Monday as it makes an offer to its bondholders to swap debt for company stock.

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