Officially, GM is mum about its plans for Saab’s future.

“We are not commenting on the details of the strategic review,” Hummer-Saab-Cadillac sales channel spokesperson Joanne Krell told Automotive News. “As soon as we have some details to report, we will.”

A source close to GM told the publication that the automaker loses money on every Saab sold in North America due to a weak exchange between the dollar and the euro.

Saab hasn’t officially decided whether it will apply for the 25 billion kronor ($3.19 billion) bailout being offered by the Swedish government, though analysts predict the automaker will decide to.

GM has had a difficult time trying to sell Hummer, the other brand that it has quietly put up for sale. The two brands’ distribution in the U.S. is closely tied together due to a plan to combine retail outlets for Cadillac, Hummer and Saab in major markets.

It is believe that a purchase of Saab would not include the Swedish and German engineering facilities mostly staffed by Saab engineers. Those facilities have focused heavily on small displacement, turbocharged engines that most analysts see as the future for traditional gas-powered engines in automobiles. Not surprisingly, GM’s initial interest in Saab back in 1989, when it acquired half of the automaker, was due in part to the company’s small turbo expertise.

Ford has had a difficult time finding a buyer for its Swedish unit, Volvo, as well, meaning that the future of the Swedish auto industry is very much in doubt.

Seems no car company is interested in picking up General Motors’ declining brand, Hummer. With sales dropping nearly 50% in the past quarters, no wonder there are not many holding companies that are willing to step up to the plate and save the brand.

Hummer has proven it’s strength in the new and up-coming Yuppie market, however increasing fuel prices caused a significant drop in it’s sales. GM using the Hummer name after the success of it’s H1 series, which has been used for decades as the flagship of it’s Army, built out the brand to offer more economical versions of it’s H1. The H2, H3 and H3 SUT were born.

Built on the same platform as the GMC Yukon, it shares a large number of components with the fairly popular SUV. The body and overall exterior styling offer the unique boxy look that distinguishes the brand.

As reported, Indian jeep manufacturer Mahindra has dropped out of the running for the brand, as has the Russian SUV manufacturer that was slightly interested in it.

The kicker came when even the Chinese cancelled negotiations on the brand. China Car News reports that Changfeng dropped out of negotiations for the brand, when they concluded that the average fuel consumption for the Hummer brand was too great for the Chinese market.

Changfeng in the meantime has changed it’s tune and announced it was never interested in the brand to begin with, however interest was clearly shown, as it’s management team visited the Hummer assembly plant.

Whomever picks up the brand will have access to widespread technologies available in Chevy’s truck line, such as it’s Vortec engine line, it’s OnStar system and it’s sophisticated dealer network.

To see other related automotive news log on to: www.GMForum.com

The H3T is offering a great bargain for the careful shopper. Loaded with a 3.7L 5cyl engine, 4 doors, a truck bed and a 5 speed transmission, it tips the scale at $31,495. Upgrade to the Alpha to get the 5.3 V8, auto transmission, Monsoon Stereo and the chrome appearance package. The Alpha version is to retail for an MSRP of $36,760.

Who knows what the future holds for Hummer, but this is one cheap mean looking SUT I wouldn’t mind owning.

For more specs, check out www.h3thummer.com

According to Autonews.com CitiBank in conjunction with GM, will offer 0% financing for 72 months on most 2008 models.

Mark LaNeve GM’s vice president of sales expressed that the 72 months no interest deal is designed to boost sales in June and will expire on June 30^th. He also mentioned that the special offer is not available on the Lambda chassis SUV’s being, the Enclave, Acadia and Outlook.

Customers are also given $500 in cashback if they purchase rather then lease.

To counter the dip in sales and rising production costs due to increases in raw material costs, GM has announced a 3.5% increase in MSRP costs for 2009. According to LaNeve, some vehicles will be adjusted to be higher then a 3.5% increase, some lower.

According to a Missouri dealer, even with the current promotion, he still expects to be down 10% or more from last years sales numbers.

In a separate call, GM has announced it is cutting truck production for the second half of the year by 170,000 units. At the same time, they will be increasing production of regular vehicles and crossovers by 47,000 units.

LaNeve also announced General Motors has put CitiBank in charge of studying it’s operation of Hummer and is looking at all possibilities regarding the brand.

GM is launching 18 new cars and crossovers within the next 2-3 years along with several special interest vehicles, one of them being the Volt. While doing this, they are looking over their alliances in Asia to look for any possible models of small vehicles they could seamlessly integrate into North America.

Introduction of small vehicles is very important, as truck sales and sales of SUV’s have hit record lows. Toyota has come within 1 percentage point of hitting the same market share as GM, largely due to it’s flourishing business in the small vehicle segment.

It has been confirmed that GM will not be updating the current H3 models, due to cutbacks on new product development in the Hummer line. It will also stop current efforts to develop the H4, which was to battle the Jeep Wrangler. Rumors are running wild as to whom exactly will be the lucky company to purchase Hummer, as it goes on the sale block…