IMPORTANT HUMMER ANNOUNCEMENT (JUNE 2, 2009)
Mark LaNeve, GM North America Vice President, Vehicle Sales, Service and Marketing, and Jim Taylor, HUMMER CEO
06/02/2009
Dear HUMMER Dealer:
General Motors today announced that we have entered into a memorandum of understanding (MoU) with a potential buyer for the HUMMER brand.
Together with GM, you have helped develop HUMMER into a globally recognized off-road brand and this proposed agreement will enable us to continue that growth, while providing the capital for future product investments to secure HUMMER’s position as a responsible, premium off-road vehicle brand. Today’s announcement is great news for HUMMER’s current and future customers, dealers, suppliers and employees around the globe.
Our goal is to try to close the sale by the end of third quarter and is subject to customary closing conditions, including receipt of applicable regulatory approvals. If the sale closes, it is our expectation that the current HUMMER dealer agreements will be transferred to the buyer.
We expect you will have many questions relative to how this sale impacts your dealership and customers. While many details will not be available until the deal is complete, we can assure you that it is our intent to conduct the eventual sale as smoothly and seamlessly as possible for you and your customers.
Attached you will find a Frequently Asked Questions document for your information and use with employees and customers.
We appreciate your continued support and dedication to GM and HUMMER through this process and challenging environment. We will continue to communicate with you as further information becomes available on sale and transition process.
Sincerely,
Mark LaNeve GM North America Vice President
Jim Taylor HUMMER CEO
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