Tata or Mahindra to buy HUMMER?
GM Bankers Talking to Both
By Thami Masemola
June 7, 2008 4:00 AM
Filed Under: American, Corporate/Financial, General, Hummer, Rumours, Tata
Casualties of war, a name given to those left behind in battle, nowadays referring more to innocent bystanders than combat soldiers. In these times of war against emissions, carbon dioxide and chokingly high oil prices, casualties may be left behind. The first of these could be HUMMER, General Motors’ gasoline sandpit on four wheels. Following GM’s statements earlier this week that it is reviewing its HUMMER brand on a strategic basis “from a complete revamp of the product line up to a complete sale of the brand”, news is now out that Tata or Mahindra could be buying HUMMER, although both have refused to comment. Tata recently turned the tables on its former coloniser the United Kingdom as it bought two of its most iconic brands Land Rover and Jaguar in an historic cash deal.
Bankers representing both Indian brands have been said to be meeting with GM executives to discuss the possible disposal of HUMMER to their clients. HUMMER dropped sales 35 percent so far this year, surpassing the 25 percent drop it experienced in 2007. In layman’s terms, the brand is bleeding. Cars like the Chevrolet Volt point to the future of GM as it revamps its entire fleet into a gas-saving futuristic lineup of clean cars that even Al Gore can endorse. HUMMER doesn’t seem to fit this bill and so this so-called strategic review is expected to go one way only.
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Comments
Go Tata GO!!!
Does Ford n GM have any hybrids in the market yet?? NO.. guess wat, M&M will have it in 2010.. a diesle~electric hybrid.. for all that "greatness" in the automotive industry that America calls itself.. n with all that money they have, they havent yet launched it.. n if M&M which according to many of u racially challenged people comes from a 3rd world country is going to do it by 2010, its only a sign of shame on u!!
Tata n M&M are showing "money power" here, which the "3 American Giants" seem to be losing.. n u guys call Tata n M&M as money losing n soon to bankrupt companies.. lolx.. please get ur IQ checked.. Chimps have an average of 97..
n why should Tata stop buying companies.. would u stop eating food?? :O GM n Ford are being starved of money. n Tata is coming as a blessing in disguise for them.. n u dont want that to happen?? so, u want Ford n GM to go down eh?? GREAT!!!
n wats terrorism gotta do with India?? :O have any of u been here? we have more terrorist attacks on us than wat America has ever fced in its entire history.. we lose more people in a year than wat America lost in 9/11.. n Tata is a global money power now, n they have a history which will put all ur "great companies" to SHAME..
Please chuck ur racial n unintelligent n biased view away n have a look at wat good's happening n not post any crap here..n i pity a lot of u here, who think a lot pessimistic about the world when ur going down urself.. lolx..
*cheers*
Chevy Volt is probably the only hope GM has at the moment, but to be honest I will wait to see the final product and also first check out how many recalls its going to have...
GM were ahead of every one with "EV" in the mid-late 90's, but they decided to kill the car that could have changed their fate! As for Tata. M&M considering to buy this one ... hmmm why not, maybe a nano sized hummer would be less offensive!
Seriously, the people I feel bad for here are the factory workers that will be losing their jobs when GM shuts down those plants. This is indicative of GM has been doing the past 25 years: build a ridiculous amount of crappy and stupid cars, realize that no one wants to buy them, and then shut down plants in the US and move to Mexico (nothing against Mexico). Thank god for Toyota and Honda for filling the vacuum and provide jobs to the people that GM fired.
This is the karma for GM's failed business plan and refusal to accept reality... the world is not an endless pit full of gasoline.
This is the karma for killing the electric car, which by the way would have single handedly put GM on top of the world. But of course, they're a bunch of monkeys that are in bed with the oil companies.
This is the karma for having a CEO that says "global warming is a crock of s**t" (Bob Lutz, for those of you over 13). Oh by they way, GM will have do more than bring the Volt into production. Their technology is leagues beyond that of any other responsible car manufacturer.
I'm not saying that Tata or Mahindra will be successful with Hummer, if they even decide to acquire it. There are no guarantees. But I will guarantee that they would get it for a bargain basement price. Mahindra would be better served if they focused more on acquiring the Jeep brand from Chrysler, which is already on the selling block. If Tata did buy Mahindra, they would probably be better served of they drove every single hummer into a smelting plant and reuse the steel to make electric cars, but that says more about my opinion of the Hummer.
Brands like hummer will eventually be cannibalized or dissolved and keep getting sold until they disappear all together. They are a bane on existence
Stupid add campaign. Hey, what ever happened to the Chevy SSR? LOL...
Fancy a cup of TEA anyone?
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