All The Rally Crashes You Could Ever Want

The decision to shutter Pontiac was one of several aggressive steps GM spelled out in an updated survival plan Monday. The government has given the company until the end of next month to restructure and slim down in order to survive.

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Danica Patrick and Barry Bonds at the 35th annual Toyota Gran Prix of Long Beach

Struggling US carmaker Chrysler LLC and Italian maker Fiat Motor SA said Monday they had reached a deal in principle on a new partnership, less than two hours after the US government said the merger was the only way for Chrysler to keep its emergency loans.

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Pictures of Tesla’s New Model S Sedan

Now, because of GM’s lack of cash, the corporation can’t continue to support the Saab franchise. At the moment, Saab is reorganizing to become a separate, independent business entity. The concept is something like a management buy out, and the Swedish government may provide some of the funding to finance Saab’s breakaway from General Motors.

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