GM to Trim Number of Brands
General Motors currently sells vehicles under eight different brands, but most, including Buick, Saturn and Saab, struggle to attract buyers despite offering new models that cost GM billions of dollars to develop.
General Motors has believe that the key to making money in North America was maintaining market share and that having different brands helps the company reach more potential customers. They point to the company’s closure of its Oldsmobile division earlier this decade, which left many of that brand’s customers defecting to brands other than GM’s. However, critics say that having so many brands is a drain on resources.
GM has already put up the Hummer division for sale. What other brands should they sell, if any?