Las Vegas Hummer Dealer, One Of Largest In Country, Closes Doors

The WSJ » 9/08/08 4:00pm 9/08/08 4:00pm reports that Towbin Hummer is the only Hummer dealer in Las Vegas, and one of the brand's biggest franchises in the US — at least it will be until tomorrow, when the dealership shuts its doors for good. While Towbin will be just one of several Hummer dealerships to close this year, it's perhaps the most…

GM: Sale Of Hummer Is "Urgent"

Automotive News » 9/03/08 10:00am 9/03/08 10:00am reports that GM President and Chief Operating Officer Fritz Henderson told reporters at a recent press conference in India that the is on an "urgent basis." That's no surprise, since is predicting a US vehicle market of around 14 million units for 2008, down from 16 million units last year. Why the…

Report: GM Caught Not Soliciting Hummer Offers

A new report in the Detroit News » 8/21/08 10:20am 8/21/08 10:20am states that, while the automaker has received a number of inquiries about the brand, General Motors has neither solicited offers for Hummer nor engaged in discussions with potential buyers. GM is trying to downplay of interest in Hummer by Russian businessman (now by Deripaska), and …

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