General Motors’ chief operating officer, Fritz Henderson, told reporters that the Detroit automaker is looking to sell off its Hummer nameplate by early 2009 if not by the end of this year. Sale of the Hummer brand, which has been under the GM umbrella since 1995, will help raise part of the $15 billion the automaker announced it was seeking in July.
“We are trying to approach this (Hummer sale) on an urgent basis,” Henderson told Reuters. “End of this year is a fair amount of time. It can conceivably happen … but if it takes us to early next year, that is okay, too”.
GM is looking to sell more than just Hummer, but it says that the off-road brand would probably be the first to go. With fuel prices up at pumps in the last couple of years, sales are not surprisingly way down this year – 40 percent in the first six months of the calendar year.
09/03, 11:16 AM
posted by:
400horseSS
Who cares its my b-day today im the big 3-0.
09/03, 11:20 AM
posted by:
A4
ill give ‘em 37 bucks and a piece of melted mr goodbar
09/03, 11:25 AM
posted by:
shaver
anticipates………..Hummer by 2009
Sounds like some of my married friends.
09/03, 12:34 PM
posted by:
johnnycanuck
Happy b-day 400H. Mine’s on Friday and I’ll also be the big 3-0, only with 17 years experience. I’m so old we didn’t even call them hummers back then. I don’t remember the vehicle being around either.
09/03, 1:24 PM
posted by:
brassmonkey
Happy Bday 400. I turned 38 on Monday.
09/03, 1:29 PM
posted by:
DeansterTJ
Happy Birthday, 400 and Brassmonkey. All the best!
09/03, 6:10 PM
posted by:
400horseSS
Thanks Deanster and happy birthday to Brassmonkey and JohnnyC.
09/03, 7:06 PM
posted by:
tyler_is_aero_tt
Lucky, mines not until April!
09/03, 7:24 PM
posted by:
elviososa
woahhh…..so many ppl b-d…it’s not suprise that GM is selling it….what suprises me is that no one wants to buy.
09/03, 10:51 PM
posted by:
beatusmongous
Someone wants to buy, but not for the price GM is asking. That’s the trick…
09/04, 2:00 AM
posted by:
RotaxKart
Old Farts…. Jk Happy birthday.
09/04, 11:36 AM
posted by:
European Car Lover
I heard that some Saudi Arabian billionaires are interesting to buy Hummer
09/04, 5:52 PM
posted by:
Htay9000
happy b-day to you guys!