Summary: <p>A Pontiac G8 is advertised for sale for zero financing charges at a car dealership in Burlingame California April 27 2009 General Motors Corp on Monday launched a last ditch bond exchange offer to avoid bankruptcy and plans to cut 21 000 U S hourly jobs in a new restructuring that would see the automaker nationalized under majority and said it would phase out the Pontiac brand by the end of next year REUTERS Robert Galbraith < p>
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