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 [...]
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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