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Hummer – is rotting on the vine. It is on GM’s chopping block. AM General and a Chinese company are the only fascinated events and their intentions are unsure at greatest. Nonetheless a fantastic distinctive line of autos with strong premium brand identity. GM could accomplish that many things to make it a viable brand, however apparently they can not figure it out. Cruise, with forty workers, was launched in 2013 and had raised $20 million in venture capital to date, founder Kyle Vogt advised Reuters. GM and Cruise didn’t disclose the worth of GM’s acquisition. The know-how website Re/Code cited sources as saying GM paid $1 billion. A GM spokesman declined to touch upon that figure.
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