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… » 7/28/08 10:20am 7/28/08 10:20am

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… » 6/23/08 2:40pm 6/23/08 2:40pm

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… » 6/19/08 12:15pm 6/19/08 12:15pm

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… » 6/03/08 8:53am 6/03/08 8:53am