Tuesday, June 2, 2009

GM sells Hummer

GM officially announced this morning that a preliminary agreement has been reached to sell the Hummer brand. No word yet on who's buying.

It said the deal would save about 3,000 jobs in the United States, including those at its 153 domestic dealerships, and that Hummer would remain based in the United States.

GM will also be selling the Saturn and Saab. The Pontiac line will be shut down.

GM plans to move forward with four core brands: Buick, Cadillac, Chevrolet and GMC.


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