Pontiac the casualty as GM wields the axe

General Motors Corp will announce details of its massive restructuring plan today, including the demise of its Pontiac brand, more factory closures and bigger job cuts as it fights to avoid bankruptcy protection.

Pontiac the casualty as GM wields the axe

General Motors Corp will announce details of its massive restructuring plan today, including the demise of its Pontiac brand, more factory closures and bigger job cuts as it fights to avoid bankruptcy protection.

The struggling carmaker must make the announcement in advance of a planned offer to its bondholders to swap debt for company stock.

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