Hummer sale off; GM to wind down operations

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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Tags: General Motors, Hummer. Auto industry, GM

GM sells Hummer, slams dealers

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 of [...]

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Tags: bankruptcy, dealers, General Motors, Hummer. Auto industry, Bankruptcy, Dealers, GM

Auto brands are tough sell

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 unsuccessful [...]

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Tags: Cerberus, Chrysler, General Motors, Hummer, Jeep, Saab, Sales, Volvo. Auto industry, Cerberus, Chrysler, GM, Jeep, Sales

Tag Archive for 'Hummer'

Hummer sale off; GM to wind down operations

GM sells Hummer, slams dealers

Auto brands are tough sell

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