On Wednesday, insiders reported that Hummer, the ailing General Motors (GM) marque, was being bid on by three separate groups. The potential owners, one of which is based in the United States, would take control of the brand, although GM would continue to produce the actual vehicles.
How quickly time flies. It seems like only yesterday that India's Tata (TTM) and Mahindra car companies were talking about buying Hummer. However, it's been ten months and a lot has changed. Among other things, the Indian car companies have gone off in search of greener pastures, and GM's asking price has plummeted.