08/26/2008, 11:38 AM
General Motors News
Two Gulf Arab region investors express interest in GM’s Hummer brand
Although India’s Mahindra & Mahindra is not interested in acquiring General Motors’ Hummer brand, the Detroit automaker has reportedly garnered some interest for its SUV brand from the Gulf Arab region. The Hummer brand has been up for ‘strategic review’ since gas topped $4 earlier this year.
General Motors Middle East Managing Director Terry Johnsson revealed on Tuesday that at least two investors in the region were interested in purchasing the Hummer brand. “For sure, there has been interest from various parties within the Gulf … there is a precedent in the cases of Aston Martin, Ferrari or Daimler and those kinds of solutions could be very realistic solutions,” he told Automotive News.
However, Johnsson also said that it is not a “foregone conclusion” that GM will part ways with its Hummer brand. GM’s only likely holdup for not selling the brand would be a low ball offer. But with Hummer now serving as the poster child for poor fuel economy, GM might have to start tempering its expectations to get the marque out the door.
08/26, 11:47 AM
posted by:
beatusmongous
I heard this on the Cavuto Money Report this morning.
08/26, 12:09 PM
posted by:
RaineMan
Oh… so the Taliban and Islamic Jihad fighters will be shooting at our soldiers from the back of H2s and H3s now instead of Toyota Pickups. Cool…
08/26, 12:11 PM
posted by:
johnnycanuck
What’s GM going to do with 10 camels and a virgin Arab girl?
08/26, 12:18 PM
posted by:
F451
It is just damn sad that GM did not have the foresight to mold this vehicle into a lineup that represented where fuel prices are today. Yet execs like Lutz spew enough bull-s-h-i-t to power a small city.
08/26, 12:28 PM
posted by:
jumpoffit
so will the extremeist greenpeace people head over to the Arab region and have their own Jihad there? cool! sell sell !!
08/26, 2:06 PM
posted by:
hbcbob3
Johnny: They’re going to get a lot more than 10 camels. Oil is worth quite a bit these days.
These ****suckers don’t have to worry about fuel economy, they have plenty of it. In fact, I hear they take baths in oil…that’s why they are slightly darker skinned than us.
08/26, 6:01 PM
posted by:
bigtime
THIS IS RIDICULOUS!!! Poster child for bad fuel economy? Only a liberal would say something this stupid. There 4 wheel drive trucks, not commuter cars! Not to mention has anyone noticed NOTHING gets great MPG? Civic, yaris, prius. Thats about it people.
Check the EPA numbers on a few of subaru’s models for example. No less pitiful than hummer and I don’t see anyone calling for them to be sold. Not to mention try doing what a hummer can in an outback.
Buy it you crazy arabs. Then give us the wrangler size vehicle with a diesel we have wanted FOREVER. Price it at $15-18,000 and watch the sales go through the roof. Build it in some third world hell hole and keep the quality WAY up by hiring some japanese to run the place.
Its not going to be hard to make GM look stupid on this one.
08/26, 6:27 PM
posted by:
DeansterTJ
The Wrangler gets worse mileage than the H2. Yet it’s the posterchild for outdoorsy nature-loving lifestyle. Talk about a crock of goatcum.
08/26, 10:00 PM
posted by:
elviososa
hbcbob3…the fu*k suckers are not from middle East, they are the investment funds and the oil companies based on the U.S, Britian, and Western Europe that push up the oil prices. Don’t be so ignorant.
08/27, 8:48 AM
posted by:
zoomnbyu
Well then those bastards better have a plan to cut the fuel costs! Wait, maybe that has been their plan all along. Drive the fuel prices so high that they can acquire the much sought (in the Arab nations?) Hummer brand on the cheap. Then lower the oil prices back down and make a killing. Sweet.
08/27, 11:44 AM
posted by:
hbcbob3
I’ll be ignorant all I want elviososa. It makes me feel better…just like I think you are a whiny little yuppie who gets everything from his/her parents and hasn’t worked a day in his/her life. BTW, I said c*ck suckers, not f*ck suckers…because that just makes no c*cking sense.