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Arab Investors eyeing Hummer SUV

GM may finally be losing some dead weight — well over 6,400 pounds per H2 of it. Reuters reports that a group of investors is eyeing GM’s not-too-fuel-friendly Hummer brand. Reuters reports, “Two Gulf Arab investors have expressed interest in buying General Motors Corp’s (GM) Hummer brand,” and adds “GM was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks, the automaker’s Chief Executive Rick Wagoner said on August 21.”

Industry experts have long said that Hummer is a must-sell for GM as sales of the military-inspired SUVs are tanking and GM struggles to raise cash to fund a company-wide turn around.

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