Last Auto News – Hummer Could Learn Fate Tuesday

Last Auto News –

In a restructuring plan submitted to the federal government in February, General Motors announced plans to sell or cease manufacturing several of its automotive brands. In rejecting the proposal on Monday, The Detroit News notes, the White Houses automotive industry task force “said GM’s plan to close, shrink or sell four of its eight brands didn’t go far enough..

Now, the four await news of their fate.

Decisions could come quickly. The AP reports, “By Tuesday, General Motors Corp. will have to decide whether its struggling Hummer brand will die a quiet death or live on with a new owner.” The company “says it’s still talking to several possible buyers, and many of Hummer’s dealers nationwide are hoping that someone, perhaps a Chinese automaker, will come to their rescue and buy the brand, which traces its roots to rugged vehicles used for transporting soldiers.”

Automotive News notes, “GM also said in its plan that it would sell its Hummer and Saab brands. The company said it would supply product to Saturn through the 2012 model year and would wind down or terminate the brand if a spinoff could not be achieved by 2012.” It is not yet clear when a decision will be made on the future of Saab and Saturn – but the Obama administration has now given GM only 60 days worth of funding to complete its restructuring.

If you’re in the market for a new car, check out the US News rankings of this year’s best cars as well as this month’s best car deals.