Return Of The Hummer? AM General Up For Sale And GM Is Interested

AM General has put itself up for sale and has hired investment bank Macquarie Group to seek potential bidders in a deal that could value the builder of Humvee military vehicles at more than $2 billion, people familiar with the matter said on Monday.

Potential bidders include competitors in the military ground vehicle market, such as General Dynamics, Oshkosh Corp. and BAE Systems according to two people familiar with the matter. Automakers like Fiat Chrysler and General Motors may also be potential buyers, one of the sources added.

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TomM - 10/4/2018 10:41:17 AM

+2 Boost

AM General currently assembles Gm Full size Vans for GM - so this is not as much of a surprise since GM currently has no spare place for that production.

However - AM General did not get the new contract for the Humvee replacement -which means that its main product will have reduced production - noting that not all Humvee production will be replaced with the new vehicle.

MDarringer - 10/4/2018 6:44:00 PM

+1 Boost

GM should resurrect Hummer at a premium SUV brand to be sold in stand-alone premium dealers that sell Cadillac and Corvette.

dumpsty - 10/5/2018 12:10:31 PM

+1 Boost

A more "refined" H2 would be a good product bet.

Build a new H2 for the more upscale set - see Land Cruiser/LX options & content.

Build a separate model trim line to best Fords Raptor in power & off-road performance.

iamdabest1 - 10/7/2018 10:24:42 PM

+1 Boost

Hummers were gangster cars. of all the companies that died out, Oldsmobile, mercury, saturn , pontiac and plymouth, Saab and Hummer were the only brands i felt bad about. today with suv's doing so well, i really think hummer would have been doing well- especially if they found ways to reduce weight and use more efficient engines.
would definitely like to see the hummer come back.

MDarringer - 10/7/2018 10:35:20 PM

+2 Boost

Killing Hummer was done solely to appease the racial token President.

waspinnovations - 10/8/2018 9:21:54 PM

+1 Boost

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