cars: death of American brands
GM has survived, but at the cost of so many storied nameplates. It's hard to keep track of the carnage, here's where things stand, with a little help from Wikipedia.
Hummer: Its sale to Sichuan Tengzhong Heavy Industrial Machinery Company blocked by Chinese government on "environmental grounds" in June, but in October it finally went through for $150 million (a baseball stadium costs three times as much). GM has no plans to continue the nameplate after the 2010 model year.
Opel/Vauxhall: Sold! To consortium lead by Magna Group-backed-by-Sberbank of Russia (55%). GM will continue to own 35% of Opel; while Opel employees will own 10%. Called "New GM Europe" by some.
Pontiac: dropped, all of its remaining models will be phased out by the end of 2010.
Saab: A deal to sell it to tiny Swedish supercar maker Koenigseggeggegegg (sp?) is supposedly still on, though it depends on three billion Swedish Kronor appearing from the tooth fairy troll.
Saturn: Dead now.
GM holds on to Chevrolet, Buick (mostly for China), Cadillac, and GMC trucks and SUVs.
Damn that's depressing. It mirrors the fall of British Leyland.