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General Motors reaches deal to sell gas-guzzling SUV Hummer

http://ceoworld.biz

General Motors says it has completed a deal to sell off its fuel-guzzling SUV Hummer brand. The US manufacturer, which has received tens of billions of dollars in bailout money from the US Government, sought bankruptcy protection yesterday. It says the sale of the Hummer brand will probably save around 3,000 jobs. GM is also trying to sell its Saab and Saturn brands and will phase out Pontiac as it concentrates on the Chevrolet, Cadillac, Buick and GMC marques.

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General Motors reaches deal to sell gas-guzzling SUV Hummer