Mahindra not interested in HUMMER
Posted Aug 18th 2008 1:58PM by
Jeremy Korzeniewski
Filed under:
SUVs,
HUMMER,
India,
Tata
Despite
assurances from top GM brass, every bidder for the troubled HUMMER brand appears to be removing itself from the rumormill. Considered one of the
strongest suitors interested in the off-road marque, India's Mahindra is the latest brand to
pull out of consideration. According to Vice Chairman Anand Mahindra, "There has been a lot of speculation. I want to say categorically we are not pursuing HUMMER." That sounds pretty definitive to us, leaving
Tata Motors as the only company from India still reportedly interested. Russian billionaire
Oleg Deripaska has pulled his name out of the mix, as has China's
Hunan Changfeng Motor Co. Until an official announcement is made, all of this is just speculation, but we have to wonder just how valuable the HUMMER brand could possibly be now that its sales have plummeted so far and so fast.
[Source:
Automotive News - sub. req'd]