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GM may finally be losing some dead weight -- well over 6,400 pounds per H2 of it. Reuters reports that a group of investors is eyeing GM's not-too-fuel-friendly Hummer brand. Reuters reports, "Two Gulf Arab investors have expressed interest in buying General Motors Corp's (GM) Hummer brand," and adds "GM was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks, the automaker's Chief Executive Rick Wagoner said on August 21."

Industry experts have long said that Hummer is a must-sell for GM as sales of the military-inspired SUVs are tanking and GM struggles to raise cash to fund a company-wide turn around.

Interest in American-owned car brands isn't unheard of in the Gulf. The Gulf... // U.S. News Rankings & Reviews

Seeking Alpha (Enlarge photo)

Over at GM, two Gulf Arab investors seem to have expressed their interest in buying General Motors ( GM ) Hummer brand:

For sure, there has been interest from various parties within the Gulf there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions, GM Middle East Managing Director Terry Johnsson said on Tuesday in a telephone interview with Reuters .

GM Chief Executive Rick Wagoner said on Aug. 21 that the automaker had in fact received initial expressions of interest from potential buyers of its Hummer brand, and it was preparing data and other materials to open formal talks.

Whether GM gets to sell or simply kill the Hummer brand, business/wise - it wont make or break the company. In... // Seeking Alpha

GM has received two offers for its Hummer brand from Middle East investors, according to Reuters . General Motors Middle East MD, Terry Johnsson, said of the interest, 'For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler and those kinds of solutions could be very realistic solutions'. Though Johnsson stressed that the proposed sale of the Hummer brand was... // Car Middle East

Two Gulf Arab investors have expressed interest in buying General Motors Corp.'s Hummer brand, the company's Middle East chief told Reuters yesterday.

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions," GM Middle East managing director Terry Johnsson said in a telephone interview.

GM chief executive Rick Wagoner said Aug. 21 the automaker was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks.

"We have had two separate investors raise their hand as being interested, but I don't know what's happened since then,"... // The Gazette (Montreal)

Three Fannie Mae execs out, shares rally earlier

NEW YORK (Reuters) - Fannie Mae , the biggest U.S. mortgage finance company, on Wednesday announced a shake-up of top executives, including the exit of its chief financial officer, in an effort to better implement a plan to preserve capital and cut losses. Fannie Mae announced management changes amid a storm of controversy over its ability to survive a wave of mortgage defaults that have caused four straight quarters of losses and recent speculation a government bail-out was near. But the board is "firmly committed" to Chief Executive Officer Daniel Mudd, Chairman Stephen Ashley said in a statement .

Fed's Lockhart urges patience amid strained markets

ATLANTA (Reuters) - The Federal Reserve must be "very vigilant" amid strained... // Conde Nast Portfolio

Peninsula On-line (Enlarge photo)

dubai • Two Gulf Arab investors have expressed interest in buying General Motors Corp’s Hummer brand, the company’s Middle East chief told Reuters yesterday.

“For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions,” GM Middle East Managing Director Terry Johnsson said in a telephone interview.

GM Chief Executive Rick Wagoner said on August 21 the automaker was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks.

“We have had two separate investors raise their hand as being interested, but I don’t know what’s... // Peninsula On-line

DUBAI: Two GCC investors have expressed interest in buying General Motors' (GM) Hummer brand, the company's Middle East chief said yesterday.

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions," GM Middle East managing director Terry Johnsson said.

GM chief executive Rick Wagoner said on August 21 the carmaker was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks.

"We have had two separate investors raise their hand as being interested, but I don't know what's happened since then," Johnsson said.

GCC states and companies... // Gulf Daily News

Two Gulf investors have expressed interest in buying General Motors Corp's Hummer brand, the company's Middle East chief told Reuters .

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions," GM Middle East Managing Director Terry Johnsson said in a telephone interview.

GM Chief Executive Rick Wagoner said on August 21 the automaker was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks.

"We have had two separate investors raise their hand as being interested, but I don't know what's happened since then," Johnsson said.... // Trend News Agency

Published Date: August 27, 2008 DUBAI: Two Gulf Arab investors have expressed interest in buying General Motors Corp's Hummer brand, the company's Middle East chief told Reuters yesterday. "For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions," GM Middle East Managing Director Terry Johnsson said in a telephone interview.

GM Chief Executive Rick Wagoner said on Aug 21 the automaker was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks. "We have had two separate investors raise their hand as being interested, but I don't know... // Kuwait Times

Dubai: Two Gulf investors have expressed interest in buying General Motors Corp's Hummer brand, the company's Middle East chief told Reuters yesterday.

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions," GM Middle East Managing Director Terry Johnsson said in a telephone interview.

GM... // GulfNews

DUBAI: Two Gulf Arab investors have expressed interest in buying General Motors Corp's (GM) Hummer brand, the company's Middle East chief said on Tuesday.

“For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler and those kinds of solutions could be very realistic solutions,†GM Middle East MD Terry Johnsson said.

GM was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks, the automaker's chief executive Rick Wagoner said on August 21.

“Apparently, we have had two separate investors raise their hand as being interested, but I don't know what's happened since then,†Johnsson... // Times of India

DUBAI (Reuters) - Two Gulf Arab investors have expressed interest in buying General Motors Corp's (GM) Hummer brand, the company's Middle East chief told Reuters on Tuesday.

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler and those kinds of solutions could be very realistic solutions," GM Middle East Managing Director Terry Johnsson said in a telephone interview.

GM was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks, the automaker's Chief Executive Rick Wagoner said on August 21.

"Apparently, we have had two separate investors raise their hand as being interested, but I don't know... // WTAM.com

Hummer is not a particularly attractive asset as gasoline prices squeeze drivers worldwide.
DUBAI (Reuters) - Two Gulf Arab investors have expressed interest in buying General Motors Corp's (GM) Hummer brand, the company's Middle East chief told Reuters on Tuesday.

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler and those kinds of solutions could be very realistic solutions," GM Middle East Managing Director Terry Johnsson said in a telephone interview.

GM was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks, the automaker's Chief Executive Rick Wagoner said on August 21.... // KFI

DUBAI, Aug 26 (Reuters) - Two Gulf Arab investors have expressed interest in buying General Motors Corp (nyse: GM - news - people )'s Hummer brand, the company's Middle East chief told Reuters on Tuesday.

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions," GM Middle East Managing Director Terry Johnsson said in a telephone interview.

GM Chief Executive Rick Wagoner said on Aug. 21 the automaker was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks.

"We have had two separate investors raise their hand as being interested,... // Forbes

DUBAI (Reuters) - Two Gulf Arab investors have expressed interest in buying General Motors Corp's (GM) Hummer brand, the company's Middle East chief told Reuters on Tuesday.

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler and those kinds of solutions could be very realistic solutions," GM Middle East Managing Director Terry Johnsson said in a telephone interview.

GM was readying sales documents for its Hummer brand and had initial expressions of interest from potential buyers that it hoped to develop into formal sale talks, the automaker's Chief Executive Rick Wagoner said on August 21.

"Apparently, we have had two separate investors raise their hand as being interested, but I don't know... // ReportonBusiness.com

DUBAI (Reuters) -- General Motors has received interest from two separate investors from the Gulf Arab region to buy its Hummer brand, the company's Middle East chief told Reuters on Tuesday.

"For sure, there has been interest from various parties within the Gulf ... there is a precedent in the cases of Aston Martin, Ferrari or Daimler and those kinds of solutions could be very realistic solutions," General Motors Middle East Managing Director Terry Johnsson said in an interview.

General Motors is readying sales... // Automotive News