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General Motors takes one on the chin but gets back up, thanks to us – Click above to watch video after the jump

2011 Chevrolet Volt – Click above for high-res image gallery

2011 Chevrolet Volt – Click above for high-res image gallery

2011 Chevrolet Volt – Click above for high-res image gallery

Chevy Aveo show car – Click above to enlarge

General Motors is just about ready to start offering in-house financing once again. Its acquisition of AmeriCredit is complete, pending approval by AmeriCredit's shareholders. The merger is officially effective as of October 1st, 2010 and is an all-cash transaction valued at $3.5 billion.

Pontiac's throwback appeal to its workers – Click above to watch videos after the jump

2011 Buick LaCrosse four-cylinder – Click above for high-res image gallery

2010 Easter Jeep Safari Mopar Concepts – Click any image to enlarge

Rumors from late last week have come home to roost, and as part of its restructuring efforts, General Motors has just announced that Pontiac will be "phased out by the end of 2010." GM will continue to build its accelerated viability plan around four brands: Chevrolet, Cadillac, Buick, and GMC.

According to General Motors spokesman Tom Wilkinson, the struggling automaker will shed 1,600 white-collar jobs by May 1 as part of its continuing restructuring efforts. The cuts, which are scheduled to begin this week, are part of a larger action to shed 3,400 white-collar jobs this year.

We were on General Motors CEO Fritz Henderson's teleconference with reporters this morning, and while the proceedings were light on revelatory news (okay, there really wasn't any), some important things were clarified:

Click above for high-res gallery of the Transformers cars from GM

Click image for full gallery of John Schneider's original General Lee

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