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Pontiac of the Month

4 bucket 67's 1967 GTO

2019 March
of the Month

  • Welcome to Forever Pontiac

    We are a community of Pontiac enthusiasts. The purpose of our community is to keep alive the Pontiac spirit by sharing (or showing off) our cars, discussing Pontiac, helping each other work on our cars and find information, plus attend various meets/shows/etc... To aid discussion, sharing, event planning and selling of parts/cars/anything, we have various parts of the website to aid this from Forums to an online Garage to Classifieds to even a Document Download Repository. You can find links to these in our navigation above based on what each section helps with (discussion, local events, learning, etc...).

    We invite you to contribute, find help or just view some of our member's amazing cars! Don't forget, we also have great contests from time to time (like our Pontiac of the Month and yearly calendar contest) and our Pontiac This OR That, a fun game where you choose the best of two randomly selected Pontiacs from our online garage.

    We look forward to seeing you around!


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Car and Driver: Report: Diesel Scandal Costs Could Force VW to Sell Bentley, Lamborghini, Ducati

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Volkswagen has a long road ahead trying to rectify its diesel emissions-related woes. The automaker just secured a credit line of more than $21 billion to prepare for recalls, lawsuits, and regulatory fines related to its ongoing diesel cheating scandal. And according to Reuters, in order to get that one-year loan, Volkswagen Group had to confirm to banks that it is prepared to sell off some of its most notable assets.


VW secured the 20 billion euro loan from a total of 13 different financial institutions throughout Europe, planning to refinance the loan by issuing bonds in the next several months, Reuters reports. “Under the terms, VW assured the lenders it would sell or list assets worth up to significantly more than 20 billion euros if it fails to find other sources of money,” sources told Reuters.


According to the sources who spoke with Reuters, if Volkswagen is unable to cover its debts, it could be forced to spin off certain holdings—like MAN, whose division supplying ship engines, electric generators, and other heavy industry components is worth up to 5 billion euro.


But there’s another possibility. “Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati,” an unnamed source tells Reuters.


It’s worth pointing out that, among the nine different brands that make up Volkswagen Group, Bentley, Lamborghini, and Ducati are some of the smallest and least valuable—due to their niche products and tiny annual production numbers.


Previously, we’ve heard assurances that Volkswagen would not abandon its top-tier projects, including a new Bugatti hypercar. But with early estimates putting the cost of Volkswagen’s cheating scandal at more than $80 billion, it’s not surprising that the automaker might have to part with some of its holdings to stay afloat.


This story originally appeared on roadandtrack.com.


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