Massively has the latest Warhammer Online news, guides and analysis!

Posts with tag retailers

GM offering buyouts and bonuses to HUMMER dealers


Click on the above image for our 2009 Hummer H3T high-res gallery

Taking heed of lessons learned when it shed the Oldsmobile brand, General Motors is quietly negotiating with HUMMER dealers to prevent lawsuits if the brand is sold or extinguished. Even though confidentiality agreements have been signed, HUMMER dealers are reporting heavy discussions with GM to buy back stores and compensate owners. GM has even paid second- and third-quarter bonuses (averaging six figures) in advance. June delivered gloom to HUMMER as the brand's sales fell 59.3 percent (to just 2,072 units) as near $5-per-gallon fuel prices began flowing through pumps. If that weren't bad enough, the rugged off-road brand was hit with another mass exodus of sales on GM's announcement that HUMMER might be sold. With sales falling, experienced dealership staff leaving, and fuel prices still up in the air, GM's Jeep-fighting brand has literally fallen off the road.

[Source: Automotive News, subs. req'd, Photo by Scott Olson/Getty]


Autoblog Features





Featured Galleries

2010 Nissan Cube (JDM)
In the Autoblog Garage: 2009 HUMMER H3T Alpha
2010 Ford Mustang - sneak peek
2010 Ford Mustang - LIVE
2010 Ford Mustang
Rolls Royce RR4 - spy shots II
In the Autoblog Garage: 2009 Mercedes Benz C63 AMG
Aston Martin Racing Vantage GT4
Scion xB Taco Truck
The new Nurburgring
Ferrari Zobin Concept
In the Autoblog Garage: 2009 Chevy Traverse LT

 

Find Your Next Car


Sponsored Links

Autoblog bloggers (30 days)

#BloggerPostsCmts
1Jeremy Korzeniewski875
2Damon Lavrinc742
3John Neff630
4Noah Joseph620
5Chris Shunk600
6Frank Filipponio573
7Jonathon Ramsey561
8Drew Phillips460
9Dan Roth398
10Sam Abuelsamid387
11Michael Harley245
12Sebastian Blanco220
13Alex Nunez2215
14Chris Tutor201
15Merritt Johnson64
16John McElroy40