General Motors Corp., which is suffering from a devastating profit restatement last week and weakening market share, may phase out one of its less profitable brands if sales fail to meet projections, Vice Chairman Bob Lutz says at a conference outside the New York International Auto Show. Lutz says Buick and Pontiac both are “damaged” due to a lack of investment over the years, but an array of new products coming to market may help the situation. If some of the brands don’t meet sales ...

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