motor trade insurance

Motor Trade: GM sells Saab, loses Hummer

by Tim on March 1, 2010

The past few years have been traumatic for the motor trade industry and car giant GM, has had to let go of its once famous, and now infamous, Hummer brand.

Whilst the closure threat faced by brands such a Saab and Vauxhall over the past year have concerned industry members and the general public, the announced winding-down of Hummer has yet to have caused a similar reaction.

Hummers have come under a lot of criticism as many countries take an environmentally-friendly stance. Not only are the vehicles incredibly large, but have been singled out specifically for their poor fuel economy, which can be less than 10mpg in urban areas.

GM has said that they will still provide service and spares to existing customers, as well as honouring warranties. It has not announced the number of jobs that will be lost.

In other GM news, MotorTrader has reported on Spyker’s purchase of ex-GM bran Saab.

The Swedish firm have already confirmed plans to launch a new 9-5 later in the year, and have other new models in the works, which they believe to be”Real Saabs, Saab Saabs.”

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