Quote:
Originally Posted by BonzoHansen
The third-largest U.S.-based auto maker had been the lone holdout on selling off pieces of its portfolio until this point. General Motors Corp. announced in June that it was reviewing the future for its Hummer brand before posting a second-quarter loss of $15.5 billion. Ford Motor Co. earlier this year sold its Jaguar and Land Rover brands to Tata Motors Ltd. for $2.3 billion, having previously sold its Aston Martin brand.
Chrysler, based in Auburn Hills, Mich., is also investing $1.8 billion to build a new car-based platform and upgrade its second Detroit plant. The platform will be used to replace the truck-based Jeep Grand Cherokee.
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GM also sold off its entire medium duty truck line this year.
new car platform? To replace the Grand Cherokee??!! theres a fail idea in the making.