Nostradoofus

General Motors continues to seek a buyer for Hummer. From the WSJ:

General Motors Corp. said Friday it has begun sending out a sale prospectus for the Hummer brand to potential buyers as it moves “as quickly as practical” in deciding the fate of the division.

Imagine the prospectus: “For Sale by Owner: loss-making American car brand. Primitive 1970’s-era body-on-frame design. Poor safety record. High vehicle price point and operating costs. Collapsing demand. Most buyers require credit, now unavailable. Brand image symbolizes failed and globally vilified American military gambit. No export potential. Huge idle plants with high fixed costs and unruly labor force. Acres of unsold inventory. Make offer.”

Sign me up.
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This entry was posted on Friday, October 17th, 2008 at 4:42 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.