Autoblog - Mahindra not interested in HUMMER

[Klaus]

Mahindra not interested in HUMMER

Posted Aug 18th 2008 1:58PM by Jeremy Korzeniewski
Filed under: SUVs, HUMMER, India, Tata


Despite assurances from top GM brass, every bidder for the troubled HUMMER brand appears to be removing itself from the rumormill. Considered one of the strongest suitors interested in the off-road marque, India's Mahindra is the latest brand to pull out of consideration. According to Vice Chairman Anand Mahindra, "There has been a lot of speculation. I want to say categorically we are not pursuing HUMMER." That sounds pretty definitive to us, leaving Tata Motors as the only company from India still reportedly interested. Russian billionaire Oleg Deripaska has pulled his name out of the mix, as has China's Hunan Changfeng Motor Co. Until an official announcement is made, all of this is just speculation, but we have to wonder just how valuable the HUMMER brand could possibly be now that its sales have plummeted so far and so fast.

[Source: Automotive News - sub. req'd]

[chisox05]

Im betting GM will close down Hummer starting with the H2 by 2010 then H3 when that platform is redesigned for the next colorado/canyon. Within 5 years there probably won't be a Hummer and it will be phased out just as they did with Oldsmobile.