Russian "Undesirable" Oleg Deripaska Makes Play For Hummer

Russian billionaire Oleg Deripaska, owner of Moscow-based Russian Machines, is in the hunt for the Hummer brand, according to Russian business magazine Vedomosti. Should Deripaska end up the high bidder, GM is going to have to take the paperwork to him: He's been barred by the US State Department from entering the… » 8/14/08 9:20am 8/14/08 9:20am

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