GM To Sell Hummer Brand

[HummerJim]

Very quietly, and without a lot of fanfare, Congress passed a 25 billion dollar bailout bill for US automakers on Sept. 24th. While all the news was about the 700 billion bank and Wall Street bailout the automaker funding went right through with little in the press about it. There is also a total volume trigger in the bill that makes another 7.5 billion available, making the total bill worth 32.5 billion. With the trigger, GM could receive around SEVENTEEN BILLION of the bailout money according to the GM insider blog. This would be enough to keep GM afloat without selling Hummer. Worldwide - Hummer sales in the summer of 2008 exceeded the summer of 2007, but that's being quietly disregarded in the press also. Obviously, deep discounts had something to do with this, but the need for a rugged 4X4 vehicle in worldwide areas without paved roads and lots of mud is becoming increasingly more important.
http://news.yahoo.com/s/nm/20080924/...ngress_funding