Search Results | '"strategic review"'

GM Ends Strategic Review of HUMMER, Sale Imminent

Wednesday, September 3, 2008

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General Motors’ COO Fritz Henderson announced earlier today that he hopes the sale of HUMMER will be complete by early 2009 at the latest, effectively announcing an end to HUMMER’s strategic review. While the details of the sale haven’t been finalized, it’s clear which direction GM is moving. Before today, GM had maintained that all […]

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GM’s strategic review may reach beyond HUMMER

Monday, July 7, 2008

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Earlier today the Wall Street Journal reported that General Motors is getting ready to slash thousands of white-collar jobs, and may be considering shedding a brand or two beyond HUMMER. Citing those close to top GM Executives, WSJ reported that discussion about the total number of brands has intensified in the last few weeks. Those […]

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GM Hires Citibank to Assist in HUMMER Strategic Review

Monday, June 23, 2008

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GM Hires Citibank to Assist in HUMMER Strategic Review

According to Autoweek, GM has hired Citibank to assist in the strategic review of the HUMMER brand. Citibank is the consumer and corporate banking arm of financial services giant Citigroup, and will undoubtedly be the institution that will be shopping the HUMMER brand around to potential suitors. Allowing an outside bank to handle the full […]

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Ask Jim Part 5: HUMMER’s Offroad DNA

Friday, December 18, 2009

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Ask Jim Part 5: HUMMER’s Offroad DNA

In our 5th and final Q&A segment with HUMMER’s CEO Jim Taylor, he addresses the brand’s offroad capabilities, dealer and owner events like HUMMER Happenings, as well as a couple wildcard issues like OnStar and H3T Accessories. Many thanks to Jim, who took the time to answer so many questions for this week-long feature – […]

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Five HUMMER Things to be Thankful For

Wednesday, November 25, 2009

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Five HUMMER Things to be Thankful For

Whether you’re a HUMMER owner, enthusiast, or future owner, there’s plenty to be thankful for this Thanksgiving. A year ago, HUMMER fans were smack in the middle of GM’s “Strategic Review” of the brand, which actually provided more questions than answers about HUMMERs future. Just in the last 60 days, things have really been looking […]

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Rod Hall and Team HUMMER Return to Baja 1000

Wednesday, November 18, 2009

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Rod Hall and Team HUMMER Return to Baja 1000

Following the close of the 2008 Baja racing season, HUMMER was forced to sever its ties to Rod Hall Racing (aka Team HUMMER) while General Motors undertook its “strategic review” of the brand. After GM came to a definitive agreement to sell HUMMER to Tengzhong, the brand announced its renewed commitment to Rod Hall Racing […]

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HUMMER CEO Responds to Enthusiast Questions

Tuesday, September 8, 2009

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HUMMER CEO Responds to Enthusiast Questions

We had a terrific response to our first “Ask Jim” segment, in which readers got to submit their questions to HUMMER’s CEO Jim Taylor. Jim was a little tied up with negotiations last week, but was able to respond to the queries this week. He addressed concerns about diesel models in the U.S., International sales, […]

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HUMMER Announcement FAQ

Tuesday, June 2, 2009

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Below you will find a HUMMER Announcement Q & A designed to help customers and dealers sort through the announcement and what it means. Interesting points: HUMMER Headquarters will be based in the United States, and verbiage hints that H1 won’t be brought back – but never say never. Click “more” for the Q & […]

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Domestic HUMMER Production to Increase Under New Ownership

Tuesday, June 2, 2009

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About 30 percent of HUMMER sales occur outside of the United States, with GM’s South Africa plant building the overseas right-hand drive H3. According to PickupTrucks.com, the new HUMMER owner is expected to move world-wide H3 production to the U.S. plant in Shreveport, LA. A HUMMER spokesperson said that under new ownership, the 30 percent […]

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HUMMER Brand Sale Could be Complete by June 2009

Sunday, March 8, 2009

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HUMMER Brand Sale Could be Complete by June 2009

General Motors has effectively said that HUMMER will no longer hold a place in its portfolio, leaving two options on the table: sell HUMMER, or shut it down. We’re becoming increasingly confident that GM has found a buyer for HUMMER, and maintaining that selling the brand could be the best possible scenario for a strong […]

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General Motors Officially Enters ‘Sale Option’ Stage of HUMMER Brand Review

Thursday, October 16, 2008

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On Thursday, General Motors officially entered its next stage of HUMMER’s strategic review process, which is exploring the option of a sale. Over the next few weeks, HUMMER will distribute materials to appropriate parties that are considering purchasing the brand. This part of the process will heavily involve Citibank, the investment bank that is helping […]

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