1998 Pontiac Firebird, V6, 98,300 Miles,t-top, Auto, Black, Chrome-wheels on 2040-cars

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GM isn't liable for punitive damages in ignition switch cases

NEW YORK — A federal appeals court said General Motors is not liable for punitive damages over accidents that occurred after its 2009 bankruptcy and involved vehicles it produced earlier, including vehicles with faulty ignition switches. The 2nd U.S. Circuit Court of Appeals in Manhattan said on Tuesday that the automaker did not agree to contractually assume liability for punitive damages as part of its federally-backed Chapter 11 reorganization. GM filed for bankruptcy in June 2009, and its best assets were transferred to a new Detroit-based company with the same name. The other assets and many liabilities stayed with "Old GM," which is also known as Motors Liquidation Co. Tuesday's 3-0 decision may help GM reduce its ultimate exposure in nationwide litigation over defective ignition switches in several Chevrolet, Pontiac and Saturn models. It is also a defeat for drivers involved in post-bankruptcy accidents, including those who collided with older GM vehicles driven by others, as well as their law firms. The ignition switch defect could cause engine stalls and keep airbags from deploying, and has been linked to 124 deaths. A lawyer for the drivers and their law firms did not immediately respond to requests for comment. GM had no comment. Circuit Judge Dennis Jacobs said GM's agreement to acquire assets "free and clear" of most liabilities excused it from punitive damages claims for Old GM's conduct. He also noted that the judge who oversaw the bankruptcy concluded that the new company could not be liable for claims that the "deeply insolvent" Old GM would never have paid. The decision upheld a May 2018 ruling by U.S. District Judge Jesse Furman in Manhattan, who oversees the ignition switch litigation. Drivers have sought a variety of damages in that litigation, including for declining resale values. GM has recalled more than 2.6 million vehicles since 2014 over ignition switch problems. It has also paid more than $2.6 billion in related penalties and settlements, including $900 million to settle a U.S. Department of Justice criminal case. The case is In re: Motors Liquidation Co, 2nd U.S. Circuit Court of Appeals, No. 18-1940. Government/Legal Chevrolet Pontiac Saturn Safety gm ignition switch

Junkyard Gem: 2000 Pontiac Grand Prix Daytona 500 Edition

The W Platform proved to be extremely long-lived and versatile for General Motors, remaining in production from 1988 all the way through 2016. You had your Impalas and your Regals and your Cutlass Supremes, and of course the 1988-2008 Pontiac Grand Prix was a W-body. For the 2000 model year, Pontiac made the racy-looking Daytona 500 Edition Grand Prix, an example of which I just found in a Northern California self-service wrecking yard. 2,000 of these cars were made, presumably because it was the year 2000, and each one sports plenty of cool-looking Daytona 500 graphics. Perhaps some Regal owner will buy these seats and swap them. This is the second junked Daytona 500 Grand Prix I have seen recently, after this one in Colorado. The Daytona 500 was about the same as the GTP version, with Eaton-supercharged 3800 engine making a respectable 240 horsepower. Disappointingly, this car has an automatic transmission. It never saw 150,000 miles, unlike most 21st-century W-bodies I see in wrecking yards. Featured Gallery Junked 2000 Pontiac Grand Prix Daytona 500 Edition View 21 Photos Auto News Pontiac Sedan

1939 Pontiac Ghost Car commands $308,000 at auction

For the 1939 World's Fair, Pontiac built a Deluxe Six bodied in Plexiglass. Part of the Previews of Progress pavilion in which General Motors' Futurama showed off what was to come in the world of autos, the 'invisible' Pontiac is credited as the first transparent car in America. And there were no shortcuts taken with its body: the Plexiglass form was fabricated by the company that brought the material to market in 1933, Rohm & Haas.
The see-through sedan was sold at RM Auctions' St. John's auction in Michigan on July 30, fetching $308,000. Not bad appreciation for a domestic oddity that cost $25,000 to build when new. You can check out the high-res gallery of its innards, including copper and chrome metalwork and white moldings and wheels, and get the exhaustive details on it after the jump.