GM to idle more truck and SUV plants, hires broker to sell HUMMER

GM announced today that it will idle most of its North American pickups and SUV plants starting next month as demands shrinks for the two segments. GM will halt production at  Fort Wayne, Ind.; Arlington, Texas; Janesville, Wis.; Moraine, Ohio; Silao, Mexico; and Oshawa, Ontario, from one to 11 weeks starting in July.

In addition to the cuts GM may be moving forward with plans to sell HUMMER. According to sources, the General said that it has secured a broker to shoe the HUMMER brand to potential buyers.

Speaking at GM”s annual meeting earlier this week, CEO Rick Wagoner said that the HUMMER is under “strategic review” and that GM may completely sell the brand to another automaker.

Previous reports say that GM may be talking to Tata Motors and Mahindra and Mahindra as potential buyers for the monstrous HUMMER.

Source: Detroit News