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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …