in January 2009 due to GM's financial situation. It was later announced that the G8 may not see a second generation. Towards the end of the decade, many rumors began spreading that Pontiac would become completely reliant on RWD. Reports ranged from a compact sedan based on the Alpha platform to a new RWD G6 for the 2013 model year. Many reports suggested that the Trans Am/Firebird would return after GM confirmed the rebirth of the Camaro, however, no reports confirmed this. On December 2, 2008, General Motors announced that it was considering eliminating numerous brands, including Pontiac, in order to appease Congress in hope of receiving a $25 billion loan. On February 17, 2009, GM proposed the sale or elimination of its Saturn division, the sale of Saab, and either the sale or elimination of Hummer, depending on whether a buyer could be found quickly. GM clarified that Pontiac would have begun to focus on "niche" models aimed at the "youthful and sporty" segment, but did not provide specifics. Pontiac was to trim its number of models to four, although there was talk of retaining only one model. By April 2009 several automotive websites and business publications were reporting that GM was doing a study suggesting it might eliminate the brand altogether, along with sister truck brand GMC. On April 23 a report was published stating the company would be dropping the Pontiac brand while preserving the GMC truck line, and the Chevrolet, Cadillac, and Buick brands. The decision to dissolve Pontiac was made primarily due to the increasing threat of a bankruptcy filing if the June 1 deadline could not be met. On April 27, 2009, GM announced that Pontiac would be dropped and that all of its remaining models would be phased out by the end of 2010. Though both production and franchise agreements ended in 2010, Pontiac remains a registered and active trademark of GM for licensing purposes. General Motors would eliminate an additional 7,000 to 8,000 factory jobs in the United States and shed 2,600 dealers by 2010 under a revised business plan. GM Chief Executive Officer Fritz Henderson said the Pontiac brand would be closed by 2010, calling it an “extremely personal decision”. In addition to speeding up decisions on Saturn, Saab, and Hummer, GM would be left with four brands—Chevrolet, Buick, GMC, and Cadillac. In early May 2009, Jim Waldron, a Davison, Michigan,