Just recently General Motors announced to stockholders that they were "considering" selling their Hummer division due to rising fuel costs and development costs. GMInsidenews learned earlier today that GM is operating Hummer like they will be for-sure selling it. The GMT-700 H3 program has been canceled entirely and the H4 program is being sustained for the next owner. However that is not the big news here.
GMI also learned that GM is considering killing off one more division; GMC or Pontiac. At the moment the GM Board of Directors is leaning toward killing GMC as the brand is made up entirely of rebadges. The Board is also taking into consideration that GMC is mostly trucks and SUV's, both market segments that slowly dwindling.
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