Middle Eastern Investors Express Interest in GM's Hummer
August 26, 2008
DUBAI - Two separate investors from the Gulf Arab region have expressed interest in buying
General Motors' Hummer brand, a GM executive in the Middle East told Reuters Tuesday.
"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler and those kinds of solutions could be very realistic solutions," GM Middle East Managing Director Terry Johnson said in an Reuters interview.
"Apparently, we have had two separate investors raise their hand as being interested, but I don't know what's happened since then," Johnson said by telephone, adding the investors were from the Gulf region.
GM execs in the U.S. said last week they had not formally discussed selling Hummer to anyone but had received initial expressions of interest. The automaker is now preparing sales documents for Hummer.
Photo by GM
2009 Hummer H3T
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