Hummer stops humming
Bob Morris @ Jun 24th 2008 07:15 - Category: Unfiled Tags: Hummer
Financially wobbly GM has hired financially wobbly Citibank to help it “review the options” for Hummer, whose sales have dropped so far off the cliff no one can even see the bottom. However, some might question the logic of hiring a bank that itself is in serious financial trouble to help one get out of financial trouble.
Rumors that GM may try to blame the whole debacle on Arnold Schwarzenegger because he started the whole danged Hummer thing when he got the Army to give him four Humvees are probably baseless, while some want to sell Hummer to him because at least he’s still solvent.
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