<![CDATA[Jalopnik: gm selling hummer]]> http://tags.jalopnik.com/assets/base/img/thumbs140x140/jalopnik.com.png <![CDATA[Jalopnik: gm selling hummer]]> http://jalopnik.com/tag/gmsellinghummer http://jalopnik.com/tag/gmsellinghummer <![CDATA[GM: Sale Of Hummer Is "Urgent"]]> Automotive News reports that GM President and Chief Operating Officer Fritz Henderson told reporters at a recent press conference in India that the sale of the Hummer brand is on an "urgent basis." That's no surprise, since General Motors is predicting a US vehicle market of around 14 million units for 2008, down from 16 million units last year. Why the statement was made in India, we have no idea, since Mahindra has denied interest in buying Hummer. Perhaps Tata could still be thinking about a purchase? [via Automotive News, Sub. Req.]

]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5044773&view=rss&microfeed=true <![CDATA[More Evidence Points To Hummer Sale; Russians, Chinese Interested?]]> More evidence is emerging that GM is moving quickly to solve its Hummer problem. The Detroit Free Press reports today on John Voss, a Dayton-area dealer who purchased a Hummer franchise in April, who says that GM offered to refund his money. "They have three choices and they said they want to make this decision very quickly," Voss said. "They are either going to make a smaller Hummer hybrid and change the H2, close the brand or sell it." Given the lead time needed to create a Hummer hybrid or impose radical changes to the H2 and the implications of closing the brand, a sale still seems to be the most practical option for GM.

Countries raking in huge oil profits are would be the most likely destination for Hummer. Markets in Russia and Latin America continue to demand large SUVs, while China and India are potential suitors as well. At least one analyst speculated about Hummer as a logical fit for Tata Motors. "It would be a great fit with Land Rover," said Rajesh Kothari, a partner with investment banker Seneca Partners LLC and Manchester Holdings. "Hummer is a similar product line; it has similar demographics but a different reach." While the combination of Tatas and a Hummer make perfect sense to us, a spokesperson from the Indian automaker declined to comment.
[Freep; Photo Credit: GraniteGrok.com]

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