General Motors Concluding Hummer Deal

We had reported General Motor(GM) is engaged in frisk discussion with three automobile major for sealing the sell-off deal of Hummer.To affirm this GM's Chairman Rick Wagnor said they are prepared to sell off assets worth $4billion.Also he indicated right now only Hummer is on board.

GM suffered heavy losses for last three years and need $9billion for FY-09 smooth running.GM has a different history in India and other asian market. GM's market share has been surged pheominaly for the last years by the boost of new launches in different segments.

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