Australian auto maker GM Holden Ltd. will lose revenue of up to A$1 billion ($714 million) a year when parent General Motors Corp. phases out its high-performance Pontiac G8 sedan by the end of this year. GM says it will scrap the Pontiac brand altogether in 2010. GM CEO Fritz Henderson says during a press conference in Detroit today the G8 is “a fine car, but we are unable to put the marketing resources behind it.” GM is surviving on $15.4 billion in government loans and faces a June ...
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