Speaking at GM’s annual meeting earlier this week, CEO Rick Wagoner said that the HUMMER is under ‘strategic review’ and that the brand may be receive a product lineup revamp or GM may completely sell the brand to another automaker.
A report published my India’s Economic Times reported that India’s two largest automakers, Mahindra & Mahindra and Tata Motors Ltd., could be potential buyers of HUMMER. The report said that bankers representing GM have approached the two companies about taking HUMMER of the General’s hands.
GM, Mahindra and Tata all declined to comment on the report; however GM did say that the review of HUMMER’s future “is just getting under way.”
As you all know by now, Tata Motors owns the two British brands Jaguar and Land Rover after a $2.3 billion acquisition from FoMoCo. Mahindra plans on selling a subcompact car in the U.S. late next year.
Source: Automotive News (Subscription Required)