GM Close to Decision on Hummer

Hummer grill - 160.JPG By Michelle Krebs

DETROIT -- General Motors' newly appointed CEO Fritz Henderson said a decision on the future of Hummer is close.

Henderson said as his first press conference as CEO Tuesday that he had originally set a March 31 deadline to decide whether to sell or eliminate the Hummer brand. However, he said GM remains in talks with "several interested parties -- not just one" on the possible purchase of Hummer.

"We don't have a decision today but within weeks or days -- not months -- we'll be making a judgment on a sale or not," Henderson said.

Posted by Michelle Krebs at 11:27 AM under GM , News | Comments (0) | digg this | Seed Newsvine

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Michelle Krebs Michelle Krebs, veteran automotive-industry authority, joins Edmunds editors, analysts and data experts to provide news and commentary.
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