Reports surfaced earlier on Thursday that General Motors was considering axing its GMC and Pontiac brands, but a top GM exec says that is not the case. GM has already announced that it will be selling or winding down three of its brands by 2012 – Hummer, Saab and Saturn – but says it will focus on its four core brands, Chevrolet, Cadillac, Buick and GMC, moving forward.
Mark LaNeve, GM’s head of sales and marketing, called the earlier reports of the demise of GMC and Pontiac “unfounded, unsubstantiated and untrue.†LaNeve says  … Details
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