General Motors not yet ready to ax Hummer; takes a look at two previous bidders for the brand
General Motors has apparently gotten used to the age old adage, “if there’s no drama, then it isn’t worth the price of admission”.
We’re telling you this because, as it turns out, Hummer, which was on the brink of the guillotine after GM’s impending sale of the brand to Tengzhong fell through, may just have found new life.
According to the Wall Street Journal, two prior bidders for Hummer have stepped up to the plate in the hopes of saving the All-American SUV from the dust bin. The Wall Street Journal didn’t go on record as to say which two suitors have renewed their chase for Hummer, but it sure is worth pointing that this whole situation is eerily reminiscent of the whole General Motors-Saab-Spyker soap opera, which by the way, wasn’t made official until early this week.
Whether or not these two supposed ‘old’ suitors of Hummer have anything to offer to GM to make them consider selling it, it sure is going to be a very interesting few weeks for all the parties involved. But at the end of the day, Hummer has only two places to go. Either it follows Saab to salvation or it goes follows the bread crumbs left behind by the recently-deceased Saturn and Pontiac.
Keep it here and we’ll update you as soon as more information becomes available.
Source: Wall Street Journal