GM could keep making parts for Hummer after possible sale

[Desert Dan]

GM could keep making parts for Hummer after possible sale.

http://www.autoweek.com/apps/pbcs.dll/article?AID=/20080722/FREE/500445491/1023/THISWEEKSISSUE

General Motors (http://www.autoweek.com/apps/pbcs.dll/article?AID=/20080722/FREE/500445491/1023/THISWEEKSISSUE#) could end up making Hummer parts and subassemblies for another carmaker as part of a sell-off deal, GM product czar Bob Lutz said at the London motor show........

[wpage]

Its good that GM will keep making parts...

The quality will remain even if some 3rd world entity buys it.

Plus jobs will stick around for US workers!

That is always a good thing.

[Hunner]

You mean parts like the steering gear rack which is made by Mondo Corporation in Korea??

[LAPTOP GAMER]

GM is not selling HUMMER.

[Hummer Guy]

GM is not selling HUMMER.

reasoning behind that statement?

[LAPTOP GAMER]

reasoning behind that statement?
I just heard on FOX business that GM wasn't selling any of the brands. That could change though as I have heard so many different stories about this. I hope GM keeps HUMMER.

[RazM]

Well, Rick "No Balls" Wagoner released a statement that they're still going through with selling HUMMER and that they have several parties interested in buying HUMMER.

I have one question though, when did GM announce that they're going through with the sale? All this time they have been saying they're considering all options.

Like I've said many times, I wish the brains at GM would run the company, and not donkeys with too many diplomas and not enough brains.

What we're witnessing is GM becoming the stale, uninspired car company that it was in the 80's and 90's.

The gas craze will level out, and GM will be asking themselves why they sold an iconic brand like HUMMER, and their only offroad brand.

However, lets look at the bright side... Bob the clutz and Rick off the Wagoner are 'earning' their full pay again, and really, isn't that all that matters?

Like the H1 guys have been saying all along, GM can go to hell.

[Hummer Guy]

Well, Rick "No Balls" Wagoner released a statement that they're still going through with selling HUMMER and that they have several parties interested in buying HUMMER.

I have one question though, when did GM announce that they're going through with the sale? All this time they have been saying they're considering all options.



It's been clear that GM is leaning towards a sale, but I'm not sure him saying there are 'interested parties' qualifies as an official statement that a sale is imminent.

That being said, I'd still put my money on GM unloading the brand instead of a portfolio revamp.

[RazM]

Well, then someone is twisting his words because it's been written as him saying they're moving as quickly as possible towards a sale.

[Hummer Guy]

Well, then someone is twisting his words because it's been written as him saying they're moving as quickly as possible towards a sale.

His quote was: ?We have some interested buyers, and I can?t tell you anything beyond that right now but we are moving as fast as we can," which can be interpreted two ways. One, that they are moving towards a speedy resolution to the 'strategic review,' something they've been saying repeatedly -- or they're moving as fast as they can to a sell.

As long as I'm betting they're going to sell it, I'd also bet Rick Wagoner meant the former not the latter.

[LAPTOP GAMER]

Well, Rick "No Balls" Wagoner released a statement that they're still going through with selling HUMMER and that they have several parties interested in buying HUMMER.

I have one question though, when did GM announce that they're going through with the sale? All this time they have been saying they're considering all options.

Like I've said many times, I wish the brains at GM would run the company, and not donkeys with too many diplomas and not enough brains.

What we're witnessing is GM becoming the stale, uninspired car company that it was in the 80's and 90's.

The gas craze will level out, and GM will be asking themselves why they sold an iconic brand like HUMMER, and their only offroad brand.

However, lets look at the bright side... Bob the clutz and Rick off the Wagoner are 'earning' their full pay again, and really, isn't that all that matters?

Like the H1 guys have been saying all along, GM can go to hell.



Well that is just:lame: , why can't they just cut back production?

[HummerMann]

I wonder if Lynch will remain in the Hummer business because of all the H1 sales, service and maintenance they do??? Since AM General supplies all the parts for the H1 they would deal with them, however there is probably some kind of dealer franchise agreement with GM. I have an engineering school friend at GM in Detroit who thinks a sale of Hummer by GM " is imminent." I'm still hoping for AM General to step in, but I don't think they have that kind of cash.

[Hummer Guy]

I'm still hoping for AM General to step in, but I don't think they have that kind of cash.

x2...

[HummerJim]

Hummer Mann "I'm still hoping for AM General to step in,................


X3

[RuggedH2]

Agreements can be put together however they want.......

AM General doesn't have to purchase the division outright..... There could be a percentage deal that could allow GM the credibility they seek to distance themselves from the bad Hummer PR, and allow themselves their new green initiative.

At the same time they could still supply many of the parts to the brand.

Obviously, I would like to see this happen also.... X4

[LAPTOP GAMER]

This whole thing sucks bad as I like to buy American, and Jeep is not an option, as the Hummer brand is a far superior vehicle. There has to be a better solution than just being a lam ass and giving up on Hummer. What if gas goes back to $3 a gallon, and SUV's become popular again(small chance I know), won't Rick Wagner feel like an ass? Call me narrow minded, but if it isn't GM, then I won't buy it!:soapbox: Why can't GM develop a Hybrid model of some kind? It just pisses me off that they want to just throw in the towel on a fine brand segment.

[oldhummer]

Good chance the sale will happen, but, how do they separate the GM Hummer facilities that are jioned at the head of the Cadillac or some other GM high end product line. I can not see how the dealer can or should burden the loss when the problem has roots deep within the GM culture and decision making process.

[LAPTOP GAMER]

Good chance the sale will happen, but, how do they separate the GM Hummer facilities that are jioned at the head of the Cadillac or some other GM high end product line. I can not see how the dealer can or should burden the loss when the problem has roots deep within the GM culture and decision making process.
I think it is a bad move by GM not having any off road SUV's, in the future the energy dependence will be more diversified and less dependence on oil, or if we actually get the balls to tell the tree huggers to shut the hell up and drill our own oil, we wouldn't have to worry about selling Hummer. GM will regret this choice later on.

[Spuds]

What if gas goes back to $3 a gallon, and SUV's become popular again(small chance I know),
Getting close, $3.35 in Houston right now.

GM will regret this choice later on.
This will be a real test to see if GM management is committed to giving the people what they want or will they be more concerned with the amount of their bonuses.....?

[rck0025]

I think it is a bad move by GM not having any off road SUV's, in the future the energy dependence will be more diversified and less dependence on oil, or if we actually get the balls to tell the tree huggers to shut the hell up and drill our own oil, we wouldn't have to worry about selling Hummer. GM will regret this choice later on.


What makes you think that domestic oil companies would set the price of their refined product so far below the world price that it would spur Americans into buying gas-guzzling suv's? They wouldn't maximize profits, because?????????????????????????????????????

How about developing new technology here in America that is more efficient = less oil usage -) decrease in oil demand -) decrease in price of oil -) increase in the sell of automobiles -) decrease in unemployment, increase in economic growth. Of course there could be a decrease in the money sent over seas to opec and a cleaner environment to live in as well.