Hummer survives for a few more weeks

Hummer survives for a few more weeks

Hummer

General Motors has been trying to throw an offload of its Hummer division for almost a year now. Despite optimism late last year indicating that it could have the troubled brand off its books for good before 2009 rolled around, we are now nearing the end of the first quarter of ’09 and Hummer remains entirely owned by GM.

According to a new reports Hummer has been granted a final 3 week death row reprieve to get a deal started for its purchase. GM has claimed all along that there are multiple parties interested in the brand, and that’s apparently still the case.

A GM spokesperson has said that companies from “all different parts of the world” are in the mix to purchase Hummer and the automaker is “cautiously optimistic” that a sale will be made. If a decision to sell Hummer isn’t made in the next few weeks, it sounds like the brand will likely be pushed out into the cold to die quietly.

Hummer

General Motors has been trying to throw an offload of its Hummer division for almost a year now. Despite optimism late last year indicating that it could have the troubled brand off its books for good before 2009 rolled around, we are now nearing the end of the first quarter of ’09 and Hummer remains entirely owned by GM.

According to a new reports Hummer has been granted a final 3 week death row reprieve to get a deal started for its purchase. GM has claimed all along that there are multiple parties interested in the brand, and that’s apparently still the case.

A GM spokesperson has said that companies from “all different parts of the world” are in the mix to purchase Hummer and the automaker is “cautiously optimistic” that a sale will be made. If a decision to sell Hummer isn’t made in the next few weeks, it sounds like the brand will likely be pushed out into the cold to die quietly.

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