GM does not own AM General. The option to buy them at the end of the contract (7 years) is on the table however.
Ira Rennert is considering selling AM General however. Get this he paid $20 million in 93 or 94 and it is now worth $1 billion.
And the Humvee/H1 is the only vehicle in the country that is 95% american made. Only 5% comes from other countries.
|