Go Back   Team-BHP > BHP India > The Indian Car Scene

Closed Thread
Thread Tools Search this Thread
Old 7th June 2008, 22:08   #1
Senior - BHPian
tushky's Avatar
Join Date: Feb 2007
Location: Pune/ Thermopol
Posts: 1,000
Thanked: 998 Times
Question Tata or Mahindra to buy HUMMER?

Casualties of war, a name given to those left behind in battle, nowadays referring more to innocent bystanders than combat soldiers. In these times of war against emissions, carbon dioxide and chokingly high oil prices, casualties may be left behind. The first of these could be HUMMER, General Motors’ gasoline sandpit on four wheels. Following GM’s statements earlier this week that it is reviewing its HUMMER brand on a strategic basis “from a complete revamp of the product line up to a complete sale of the brand”, news is now out that Tata or Mahindra could be buying HUMMER, although both have refused to comment. Tata recently turned the tables on its former coloniser the United Kingdom as it bought two of its most iconic brands Land Rover and Jaguar in an historic cash deal.

Bankers representing both Indian brands have been said to be meeting with GM executives to discuss the possible disposal of HUMMER to their clients. HUMMER dropped sales 35 percent so far this year, surpassing the 25 percent drop it experienced in 2007. In layman’s terms, the brand is bleeding. Cars like the Chevrolet Volt point to the future of GM as it revamps its entire fleet into a gas-saving futuristic lineup of clean cars that even Al Gore can endorse. HUMMER doesn’t seem to fit this bill and so this so-called strategic review is expected to go one way only.

Source wordcarfans.com

Tata or Mahindra to buy HUMMER?
tushky is offline  
Old 7th June 2008, 22:14   #2
Senior - BHPian
aaggoswami's Avatar
Join Date: May 2007
Location: Vadodara
Posts: 4,725
Thanked: 1,652 Times

Yes, correct, the talks are going on and these two are considered as potential buyers.

There is separate thread where this is being presently discussed:
aaggoswami is offline  
Closed Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Mahindra XUV500 vs Mahindra Scorpio vs Tata Safari Storme vs Renault Duster vs Tata Aria a4anurag SUVs, MUVs & 4x4s 116 10th May 2017 15:34
Mahindra Classic (To Buy or Not to Buy) Abbas 4x4 Vehicles 26 31st December 2009 13:36
Mahindra Bolero Invader 4x4 - To buy or not to buy ?? Sabareesh SUVs, MUVs & 4x4s 11 3rd October 2008 11:29

All times are GMT +5.5. The time now is 13:43.

Copyright ©2000 - 2018, Team-BHP.com
Proudly powered by E2E Networks