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GM Marques Face Axe

06th April 2005

Poor-performing brands in the General Motors empire are facing the axe. The US firm's vice-chairman, Bob Lutz, didn't provide any clues about which companies are under threat, but described Buick and Pontiac as "damaged brands". His comments follow a profit warning from the company amid fears that falling sales could see earnings drop by 80 per cent in 2005.

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