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Any rejoicing over General Motors finding a possible buyer for the HUMMER brand may have been a bit premature. A spokesperson for AM General (the South Bend, Indiana, HMMWV manufacturer) has told a local TV station that rumors of its interest in Hummer are simply not true.

NBC affiliate WNDU was also told that there have been no talks between AM General and China's Hunan Changfeng Motor Co. about a joint deal to acquire GM's HUMMER brand, a statement that stands in contrast to earlier reports attributed to Changfeng.

Looks like if GM intends to keep their goal of selling HUMMER by 2009, they'll need to quickly renew that Craigslist ad, offer a big rebate to the buyer, or throw in cheap gas for a year. Or all three.

[Source: WNDU]

AM General says it's not interested in HUMMER originally appeared on Autoblog on Wed, 17 Dec 2008 10:02:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>changfengchangfeng hummerChangfengHummerhummerhummer for saleHummerForSaleWed, 17 Dec 2008 10:02:00 EST<![CDATA[HUMMER has bidders, next Saab to be built in N.A.]]>http://www.autoblog.com/2008/07/25/hummer-has-bidders-next-saab-to-be-built-in-n-a/http://www.autoblog.com/2008/07/25/hummer-has-bidders-next-saab-to-be-built-in-n-a/http://www.autoblog.com/2008/07/25/hummer-has-bidders-next-saab-to-be-built-in-n-a/#commentsFiled under: , , ,



General Motors CEO, Rick Wagoner, mentioned in passing that several parties have expressed interest in purchasing HUMMER and that GM is moving as quickly as possible to seal the deal. "We have some interested buyers," Wagoner told reports while attending the opening of a new GM engineering and development center.

The sale of HUMMER would help fund GM's attempt to boost liquidity to the tune of $15 billion by the end of 2009. Other brands could be cut or paired down, but Wagoner insists that Saab will continue to soldier on. "Saab is a critical part of our European portfolio and has the potential to be quite a good moneymaker for us." He went on to say that the next Saab will be built in North America, although it wasn't divulged what model would be produced or where.

[Source: Reuters]

HUMMER has bidders, next Saab to be built in N.A. originally appeared on Autoblog on Fri, 25 Jul 2008 15:58:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>general motorsGeneralMotorshummerhummer for saleHummerForSalerick wagonerRickWagonerFri, 25 Jul 2008 15:58:00 EST