Search Results | 'henderson'

HUMMER Brand Sale Narrows to Two Bidders

Monday, May 11, 2009

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Early Monday, General Motors CEO Fritz Henderson updated the media on the overall progress of the company’s restructuring plan, including the race for the HUMMER brand. It was previously indicated that HUMMER had narrowed the field of suitors to three, and Henderson said that they are still in talks with two of them. As usual […]

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GM Mum on HUMMER Deal, Axes Pontiac

Monday, April 27, 2009

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General Motors President and CEO Fritz Henderson held a media conference this morning to discuss the progress on their viability plan. While HUMMER wasn’t a main focus of the talk, Henderson did reiterate that a sale is likely and that GM is currently considering several offers. When taking questions, Henderson hinted that even if HUMMER […]

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GM CEO Confirms Three Bidders for HUMMER Brand

Friday, April 17, 2009

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In a press conference this morning, GM CEO Fritz Henderson confirmed a Reuter’s report that there are still three remaining bidders interested in HUMMER, and that they are in the final stages of review. Henderson did not go into detail about the bidders nor their offers, but did say that GM expects to have an […]

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GM Confirms HUMMER Announcement Delay

Tuesday, March 31, 2009

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In a press conference this morning, GM CEO Fritz Henderson confirmed that despite a promise from ex-CEO Rick Wagoner in February to announce a decision by the end of the first quarter, GM has still not made up its mind about what to do with the HUMMER brand. “We have been in dialog with several […]

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GM CEO Rick Wagoner Steps Down

Sunday, March 29, 2009

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Just two days before an expected announcement about the HUMMER brand, and one day before Obama unveils his plan for the automakers, General Motor’s Chairman and CEO Rick Wagoner is stepping down, reportedly at the request of the White House. It is unclear who will take his position, though some are saying current GM president […]

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Keeping HUMMER No Longer an Option for General Motors

Tuesday, February 17, 2009

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General Motors submitted their next update to Congress this evening, and although the plan for viability included information about HUMMER, much of it was already known. Even though GM’s actions around HUMMER have been clear for some time, Wednesday was the first time that keeping the HUMMER brand wasn’t even discussed as an option for […]

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GM To Make HUMMER Announcement in Q1 of 09

Friday, December 19, 2008

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In a press conference Friday, General Motors’ COO Fritz Henderson announced that more information on the HUMMER brand would be coming sometime in the first quarter of 2009. Henderson said that talks continue with “interested parties,” and that early next year GM will know “if there is a deal here or if we need to […]

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Team HUMMER Sweeps Production Classes at Fabtech Desert Classic, Wins Three 2008 BITD Championships

Monday, December 8, 2008

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Team HUMMER had a lot riding on the 2008 Fabtech Desert Classic in Henderson, Nevada this weekend. The three Halls (Rod, Chad, and Josh Hall) that make up the Team HUMMER family were all poised to win the Best In the Desert points championships in their class, and with three class wins, they’ve done just […]

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Team HUMMER Eyes Desert Racing Series Sweep

Thursday, December 4, 2008

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Team HUMMER is just days away from the last Best In the Desert series race, and is poised to sweep the stock class season championships. Coming into this weekend’s Henderson FabTech Desert Classic, Team HUMMER leads in season points in each of their respective classes. Leading the stock mini class is team HUMMER owner and […]

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General Motors Arranging HUMMER Sales Docs

Monday, September 15, 2008

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General Motors Arranging HUMMER Sales Docs

Speaking in Detroit today, General Motor’s president and COO Fritz Henderson said that GM expects to give financial information to prospective buyers in the next few weeks. Henderson maintained that he would like to wrap up a sale by the end of 2008, but expects the process will most likely take until early 2009. “I […]

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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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