Hummer Forums by Elcova  
Forums - Home
Source Decals

Source Motors
Custom. Accessories.

H2 Accessories
H3 Accessories
Other Vehicles

H2 Source

H2 Member Photos
H2 Owners Map
H2 Classifieds
H2 Photo Gallery
SUT Photo Gallery
H2 Details

H2 Club

Chapters
Application

H3 Source

H3 Member Photos
H3 Classifieds
H3 Photo Gallery
H3 Owners Map
H3 Details
H3T Concept

H1 Source

H1 Member Photos
H1 Classifieds
H1 Photo Gallery
H1 Details

General Info

Hummer Dealers
Contact
Advertise

Sponsored Ads










 


Source Motors - custom. accessories.


Go Back   Hummer Forums by Elcova > General Hummer Talk > In the News

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 08-19-2008, 02:56 AM
Klaus's Avatar
Klaus Klaus is offline
Hummer Guru
 
Join Date: Nov 2002
Location: CSA
Posts: 2,511
Klaus is an unknown quantity at this point
Default WSJ - Afternoon Reading: Anyone Wanna Buy a Gas Guzzler?

August 18, 2008, 2:03 pm
Afternoon Reading: Anyone Wanna Buy a Gas Guzzler?

Posted by Stephen Grocer

Hummer always seemed like a difficult sale.

After all, Hummer is an icon from an era of cheap gas. So with gas prices having been hovering around $4 a gallon recently and Detroit reeling, the question remains: Who would want to buy the brand? The most likely bidders, according to industry watchers, would come from an emerging market such as India, China or Russia.

One problem: Two firms?one from India and one from China?took a look and said no thanks. Indian car maker Mahindra and Mahindra is taking itself out of the running for Hummer and after holding preliminary talks, China?s Hunan Changfeng Motor has backed off as well, Reuters reports.

So who is left? Well, David Kiley reports over at BusinessWeek?s Auto Beat blog that Russian billionaire Oleg Deripaska as well as a Turkish private-equity group have inquired about buying the brand. Their interest, Kiley explains, make sense:
?Sales and interest is holding up abroad, especially in Eastern European and Middle Eastern countries where gasoline is much cheaper and in some cases subsidized by the government. Too, audacious looking vehicles like Hummer, often decked out in expensive after-market equipment, are popular with the growing number of wealthy Russians, including the ?gangster class.??


Reply With Quote
  #2  
Old 09-09-2008, 03:05 AM
wpage's Avatar
wpage wpage is offline
Hummer Guru
 
Join Date: Jul 2006
Location: Stouts Creek
Posts: 4,192
wpage is on a distinguished road
Default Re: WSJ - Afternoon Reading: Anyone Wanna Buy a Gas Guzzler?

Maybe Putin will buy it as official pace car of KGB
__________________
"For God so loved the world he gave his only son that whoever believe in him would not perish but have everlasting life. "
(John 3:16)
2006 H3 Slate Blue,Header,Jacked,CAI,Toyo35's,HHO.
Priors...
Explorer
Commander
71 Vette
You Name it!
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT +1. The time now is 05:16 PM.


Powered by vBulletin Version 3.0.7
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.