‘Save Hummer Motors in America Summit’ to be Held in Chicago
General Motors is already winding down operations at its Hummer brand, but it seems some individuals outside the company are lobbying for the marque's survival. A newly formed capital management firm, dubbed Capital & Labor International Coalition (CLIC), is planning a "Save Hummer Motors in America Summit" April 11 in Chicago.
Thane Ritchie, chairman of CLIC, called for the summit, and is planning to invite all of Hummer's stakeholders and dealers, several influential UAW members, and Jim Taylor -- Hummer's CEO -- to the conference. Two management leaders -- President Doug Ebey and CFO Glenn Geiman -- from the UAW local representing the H3 assembly plant in Shreveport, Louisiana, have already confirmed their attendance. Ritchie and CLIC are apparently interested in going to great lengths to try and save the Hummer name.
"We have researched the GM/Hummer situation for the past month, and we believe that Hummer can be saved and continue to offer great jobs and products in America and globally," said Ritchie.
"We are assembling all of the Hummer stakeholders together in one place to work out a 'coalition' solution, said Steve Denari, CEO of CLIC. "Our discussions thus far with the United Auto Workers executives at the Hummer plant all the way through to the Hummer owners' group leaders have been hugely positive."
Denari added that CLIC senior management has also met with U.S. Senator Roland Burris, D-Illinois, and asked him to act as a liaison to the government for any possible aid in saving Hummer. Burris confirmed the discussions, and noted he wants to see the ideas that come out of the Chicago summit.
GM representatives could not be reached for comment regarding its stance on the coalition to save the brand.
Source: Capital & Labor International Coalition