GM is not currently in active talks with any buyers for the HUMMER brand according to Tim Lee, GM’s president of international operations said Thursday in Shanghai.
“If we have something to be talking about positively with Hummer, believe me we’d be talking about it,” said Lee.
Lee indicated that after the deal to sell HUMMER to Chinese company Tengzhong that numerous offers came in for the brand, but after doing due diligence, there hasn’t been any progress.
Since he’s based in Shanghai, it’s possible that Lee isn’t as familiar with the discussions as those based in Detroit –but more likely, he does know what’s going on and didn’t think that comments made in Shanghai would make their way back to the U.S. – stupidity among the top brass at GM isn’t new.
Source: WSJ (Subscription req’d)