HUMMER Decision Delayed Until May

Wed, Apr 29, 2009

Hummer News

GM Ren Cen After a GM press conference on Monday yielded few details on sale of HUMMER, we were skeptical that a final decision would be announced by month end as earlier reported. Upon further investigation our suspicions were confirmed. In Monday’s SEC filing, GM said this regarding their progress on HUMMER:

“We have received final bids from potential purchasers and are in the process of reviewing them. We expect to make a final decision regarding a sale or phase-out of HUMMER in early May.”

Since GM expected to have a HUMMER announcement by the end of Q1, and then expected to have news by the end of April, we don’t expect this to be the definitive timeline. Stay tuned.

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