Hummer: Just Kidding! We’re Not Going Out Of Business Yet

Posted Feb 27, 2010

About two days ago General Motors said that they were going to shut down Hummer, but the subsidiary extended agreements to 153 franchisees. The dealers were told to hold on until May 1 so that Hummer can try to find another buyer. The deal with Sichuan Tengzhong Heavy Industrial Machines in China fell through. Hummer CEO Jim Taylor was told to “move fast” by GM CEO Ed Whitacre because the company was not going to wait long. [Edmunds]