Somewhat lost in the wash of the news coming out of the US about a “new GM” and GM Europe being sold to Canadian firm Magna is news that all lovers of the large, off-road, gas-guzzling monsters will rejoice in – HUMMER has a buyer!
Although no deal has yet been signed, both parties have entered into a memorandum of understanding, with the deal expected to secure more than 3,000 US jobs and enable HUMMER’s to continue to be built, under contract, at the GM assembly plant.
“HUMMER is a strong brand,” said Troy Clarke, President of GM North America. “I’m confident that HUMMER will thrive globally under its new ownership. And for GM, this sale continues to accelerate the reinvention of GM into a leaner, more focused, and more cost-competitive automaker.”
“GM has developed HUMMER into a globally recognized off-road brand,” said James Taylor, HUMMER chief executive officer. “The proposed agreement will enable us to continue that growth and maximize the brand’s potential through new, innovative off-road vehicles with improved efficiency and alternative fuel powertrains. Today’s announcement is great news for HUMMER’s current and future customers, dealers, suppliers and employees around the globe.”
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