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Who Bought Hummer

http://www.huliq.com

No body knows who bought Hummer. General Motors sold Hummer to mystery buyer just one day after GM filed for bankruptcy. GM says it has entered into a memorandum of understanding to sell Hummer. The deal will preserve HUMMER as global off-road brand and will secure 3000 jobs in the United States. However, General Motors' release has no word as to who bought Hummer. General Motors had said in April (according to CNN) that it was considering three serious offers for Hummer. Reuters report doesn't know who bought Hummer either, but has some more information about bidders who were interested in Hummer in April. According to it, non of the bidders are automakers. One bidder is from USA and the other two are wealthy individuals from overseas.

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Created by Dr Who 4 years 1 week ago – Made popular 4 years 1 week ago

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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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Dr Who's picture
Created by Dr Who 4 years 1 week ago – Made popular 4 years 1 week ago

Category: Business   Tags:
2

GM Has Buyer for Hummer

http://www.autoobserver.com

DETROIT -- General Motors announced it has signed an agreement to sell Hummer, though it hasn't yet revealed who the buyer is or how much GM will receive for the SUV company. GM said it expects to close the deal by the end of September, pending various approvals. The sale of Hummer will save 3,000 U.S. jobs in manufacturing, engineering and at Hummer dealerships, GM said. The arrangement includes the new buyer contracting vehicle manufacturing and business services during the transition. GM's Shreveport, Louisiana, plant continues to contract assemble the H3 and H3T through at least 2010.

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