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.
Related posts:
- HUMMER Announcement Expected in Near Future
- GM CEO Confirms Three Bidders for HUMMER Brand
- HUMMER Announcement Could Be Delayed, Sale Still Likely
- HUMMER Brand Decision Deadline Draws Near
- Keeping HUMMER No Longer an Option for General Motors
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Wed, Apr 29, 2009
Hummer News