Hummer may not be the most politically correct of brands, but it seems the marque will survive the cull at General Motors and its bankruptcy proceedings.
Hummer will continue building H2s and H3s
Less than a day after officially filing for Chapter 11 bankruptcy protection, GM is expected to announce the sale of the Hummer brand today, a move it has been considering since the middle of last year.
Despite axing both the Pontiac and Saturn brands, GM looks to have saved Hummer from the chopping block thanks to the 4x4 brand’s international kudos.
GM won’t disclose the names of prospective bidders, but it is understood that several interested parties – including a Chinese car maker – have been making offers since late last year.
It is expected that any sale will have to be announced – if not finalised – soon, otherwise GM will be forced to close Hummer down as part of its Chapter 11 restructuring.
According to reports in the US press, any deal announced today could be completed by the end of the summer, and production of the H2 and H3 SUVs will continue.
Seems like Arnie’s former favourite won't be 'terminated' after all. Sigh...
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