Pontiac | featured news

General Motors Co. announced on Friday a big recall of Chevrolet, Pontiac and Saturn mid-size sedans to fix a transmission problem that could cause the cars to roll away after the driver has left the vehicle.

The US carmaker has blamed a supplier partly owned by the Japanese group for a faulty car part that led to the recall of 1.3m Chevrolet and Pontiac cars in North America

General Motors Co. said Monday it will recall 1.3 million Chevrolet and Pontiac compact cars sold in the U.S., Canada and Mexico to fix power steering motors that can fail.

General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take more than half its stock in exchange for half of GM's government debt as part of a major restructuring that would leave current shareholders holding just 1 percent of the company.