Re: Hummer ends production 2010
There are still SEVERAL interested parties in Hummer. There have even been some offers, but not close to what GM wants. If hey declare bankruptcy the court could decide who gets what, when and for how much. Why should they buy now when they can buy it at a fire sale after GM declares bankruptcy? Then you have the decisions on the H3 Shreveport plant, AM General H2 plant, and what part the civilian H1 will play in any negotiations. GM owns the rights to the H1, but AMG made it. Don't count AM General and Chengfeng Motors out. Plus, AM General just got a nice new Humvee contract from the government which would give them enough liquidity and cash. I think it's going to be a while before the final card is played in this game. I foresee the biggest problem is with the Hummer dealers being able to hang on much longer and the new buyer will loose its distribution base.
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Hummer, like nothing else
Last edited by HummerMann : 04-16-2009 at 03:43 PM.
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