Gulf investors show interest in Hummer brand

HUMMER SALE: Arab parties are interested in the General Motors utility vehicle brand. (Getty Images)

General Motors Corp (GM) said on Tuesday it has received interest from two separate investors from the Gulf region to buy its Hummer brand.

"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," General Motors Middle East managing director Terry Johnsson said.

General Motors is readying sales documents for its Hummer brand - made famous by Terminator actor Arnold Schwarzenegger - and has initial expressions of interest from potential buyers that it hopes to develop into formal sale talks.

Johnsson said keeping the Hummer division was still a realistic option and that it was not a "foregone conclusion" it would be sold.

"Apparently, we have had two separate investors raise their hand as being interested, but I don't know what's happened since then," Johnsson said by telephone, adding the investors were from the Gulf region. (Reuters)

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Hummers and Road Rage
Posted by Kenneth, Dubai, UAE on Wednesday 27 August 2008 at 08:29 UAE time

Perhaps instead they should be regulated and constrained to utility use only. There are 3 stories already in the Gulf about people in Hummers either killing pedestrians on purpose or causing serious accidents because they feel invulnerable in these military vehicles. Aside from the fact that they are not environmentally friendly, they take up more space on the road, they take usually two parking spaces and the people driving them somehow become extremely arrogant and aggressive. Only people who need the vehicle for utility purposes should be allowed to have one.

Re. Hummer
Posted by SR, Dubai on Tuesday 26 August 2008 at 12:48 UAE time


Nobody else would be interested given these vehicles are very thirsty!!!

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