Happy Ending? With China officially getting Hummer from GM
GM In Talks To Buy Out Hummer Dealerships
Automotive News reports that General Motors is bribing incentivizing moribund Hummer dealers by prepaying them second- and third-quarter bonuses based upon 2007 sales. The company is also reportedly talking to many dealer principals behind-the-scenes about buyout options, attempting to smooth the transition to a brand…
GM To Offer Zero-Percent Financing, Raise Prices, Screen Hummer Buyers
With sales in the toilet, GM plans to offer 0% financing for up to 72 months starting tomorrow and running through next Monday. The special Hail Mary offer will be valid on approximately 80% of the automaker's unsold inventory, and is a last-ditch effort to show at least passable June sales. And, to ensure GM has to…
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…
Hummer To Join Fred, Be Not-Yet-Dead?
Mark Phelan, columnist for the Detroit Free Press, today argues both sides of the "should Hummer stay or should it go?" coin. On one hand, Hummer's gas-sucking asshole image isn't doing GM any favors, and poor sales numbers make the abuse harder to absorb. On the other hand, Hummers are truly capable vehicles with a…
Hummer Up For Sale, Four Truck Plants Gone?
The times, they are a changin', and this week GM Chairman and Chieftain Rick Wagoner seems to have noticed. Wagoner announced a "strategic review of our Hummer brand," yesterday. Translation: "Anyone want to buy Hummer? Anyone? C'mon...cheap! Cerberus, I'm lookin' at you." Also included in the statement was news that four…
