boricua1952
02-19-09, 05:17 PM
http://www.freiburgersjunkyard.com/blog/Bombshell-GM-Performance-Dead-For-Now.html
Automotive News is reporting that General Motors has killed off the GM Performance Division. This is crushing news to fans of domestic performance vehicles and the decision appears to have been made in order to appease the government.
Quoting directly from the AN piece by Jamie LaReau, “All high-performance projects are on indefinite hold," GM spokesman Vince Muniga said. "The engineers are moving into different areas of the organization, and they will work on Cadillacs, Buicks, Chevrolets and Pontiacs."
“Muniga said there are no plans for high-performance versions of upcoming cars.The move is in the spirit of GM's viability plan delivered to the U.S. Treasury Department on Tuesday. In the plan, GM said its future-product focus is on fuel- efficient cars and crossovers. It also pledged to increase its current offering of six hybrids to 14 by 2012 and to 26 by 2014. GM also boosted its request for federal aid by as much as $16.6 billion.”
‘The High Performance Vehicle Operations unit could be reinstated once GM regains its financial health, GM's Muniga said.’
Automotive News is reporting that General Motors has killed off the GM Performance Division. This is crushing news to fans of domestic performance vehicles and the decision appears to have been made in order to appease the government.
Quoting directly from the AN piece by Jamie LaReau, “All high-performance projects are on indefinite hold," GM spokesman Vince Muniga said. "The engineers are moving into different areas of the organization, and they will work on Cadillacs, Buicks, Chevrolets and Pontiacs."
“Muniga said there are no plans for high-performance versions of upcoming cars.The move is in the spirit of GM's viability plan delivered to the U.S. Treasury Department on Tuesday. In the plan, GM said its future-product focus is on fuel- efficient cars and crossovers. It also pledged to increase its current offering of six hybrids to 14 by 2012 and to 26 by 2014. GM also boosted its request for federal aid by as much as $16.6 billion.”
‘The High Performance Vehicle Operations unit could be reinstated once GM regains its financial health, GM's Muniga said.’