GM announced it has reached a deal to sell HUMMER to a (currently) undisclosed buyer.
The deal reportedly will keep the ~150 HUMMER Dealers in the US open for business while the new owner develops additional vehicles to be sold under the HUMMER brand name. GM will continue producing the H3 at its plant in Shreveport and supplying them to the new owner until at least 2010, and also plans to bring the production of additional H3s in Africa back to Shreveport.
While they weren't necessarily my cup of tea -- losing that brand is a loss to GM as a whole. Maybe the new owner will develop a competitor to the Wrangler, and GM will regret selling it.
Thank God. Hummer was probably the dumbest thing GM's done in modern times. All short-term gain with no long-term potential. Good riddance to bad rubbish, I say.