With General Motors’ deadline to submit their viability plan to Congress just days away, we were wondering how long it would take for details of that plan (HUMMER’s fate in particular) to leak out. It appears that time is now, as Bloomberg reported Wednesday that both a Chinese company (Changfeng? Well, maybe not) and a private-equity firm (presumably located in Russia, India, or the Middle East) are interested in purchasing the brand.
Specifics on the two suitors (i.e. WHO they are!) are being kept private, and a HUMMER spokesperson could not divulge that info. According to Bloomberg’s report, talks have intensified in the last week and more talks will take place this week.
More info as it becomes available.
Related posts:
- China’s Sichuan Auto denies interest in GM’s HUMMER
- China’s Sichuan Auto Bidding on HUMMER Brand
- United States Based Platinum Equity Vying for HUMMER Brand
- GM To Make HUMMER Announcement in Q1 of 09
- AM General Denies Interest in HUMMER Brand
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February 12th, 2009 at 1:03 am
This suspense has been killin’ me…