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Hummer Hangs On - for a Little Bit - as GM Allows Two Months to Find New Buyer

Green Car Advisor, on 26 February 2010 @ 23:48

The Terminator was just about impossible to kill off. His favorite vehicle might be as well.

Just two days after General Motors said it was going to wind down the Hummer brand after a deal with China's Sichuan Tengzhong Heavy Industrial Machines Co. fell through, the company has decided to extend agreements with 153 Hummer franchises.

The dealers are being given until May 1 so Hummer executives have time to seek a new buyer for the brand.

Hummer Chief Executive Officer Jim Taylor told the trade journal Automotive News that he was advised by GM CEO Ed Whitacre to "move fast" because the automaker isn't gong to wait very long for something to happen.
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Tags: General Motors, Hummer, Hummer, Hummer Reprieve

Hummer Hangs On - for a Little Bit - as GM Allows Two Months to Find New Buyer was originally published by Green Car Advisor. Read the full story by clicking here.

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