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India's Tata Motors may have just acquired Jaguar and Land Rover from Ford, but it looks as though the Indian automaker may not be done buying up American-owner car companies. According to a new report, General Motors has approached both Tata Motors and its cross-town rival — Mahindra & Mahindra — about the possible acquisition of its Hummer brand.
India's Economic Times is reporting that GM's representatives have approach both companies about the possible acquisition of the iconic, but now out of fashion, off-road brand.
GM announced that it was considering the sale of its Hummer brand earlier this week at its annual meeting. In the face of $4 a gallon gasoline, Hummer sales are down 36 percent this year — including a 60 percent drop-off in sales last month.
GM failed to confirm the report, but told Automotive News that its review of what to do with the brand "is just getting under way."
Although no U.S. or Japanese automaker would want to add the gas-guzzling poster child to their portfolios, Tata and Mahindra & Mahindra still heavily rely on trucks and SUVs. As you know by now, Tata is the proud new owner of Land Rover and Mahindra plans to sell a compact pickup in the U.S. by next year.
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أمحو ذنوبك في خلال دقيقتين
أخي الحبيب في الأخير أتمنى أن تدعوا لي ولوالدي بكل ما هو خير
وان تدعوا لي بالتوفيق في دنيتي وآخرتي و في دراستي
ولـ صاحب الفكرة جزاه الله ألف خير
ووفق الله ناشرها وقارئها وأدخلهم فسيح جناته
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