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    • Tag Archive for 'Hummer'

    Hummer sale off; GM to wind down operations

    Posted on February 24th, 2010 • by Bill Cawthon

    General Motors has announced that it was unable to complete the sale of it Hummer brand to Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. of China. Tengzhong was unable to obtain Chinese government approval of the deal and had to withdraw its offer. GM says it is open to new offers but with no suitors [...]

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    GM sells Hummer, slams dealers

    Posted on June 2nd, 2009 • by Bill Cawthon

    Once the symbol of “in-your-face” conspicuous automotive consumption and later the poster child for Detroit hubris, Hummer has been sold. General Motors has signed a memorandum of understanding (MOU) to sell its Hummer brand to an undisclosed buyer for an undisclosed amount of money. The automaker said the sale would close in the third quarter [...]

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    Auto brands are tough sell

    Posted on January 9th, 2009 • by Bill Cawthon

    Cerberus may want to re-think one of its potential exit strategies from its ownership of Chrysler: selling brands like Jeep. Piecemeal sales don’t seem to be attracting much interest these days, even at fire sale prices. General Motors announced today that it has been unable to find a buyer for Saab. This follows on its [...]

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