Hegseth’s Austerity Orders Put Humvee Maker at Risk
Indiana-based Humvee producer AM General faces significant risk if the army follows through on orders from US Defense Secretary Pete Hegseth to stop buying certain ground vehicles.
A Texas National Guard humvee at the US-Mexico border in El Paso, Texas
Photographer: Justin Hamel/BloombergWelcome to The Brink. Its Jill Shah in New York and Eliza Ronalds-Hannon in Atlanta, tracking Humvee maker AM General which faces a potential demand hit from the US Department of Defense. We also have updates on the sale of AmSurg, global defaults and one question for Simpson Thacher. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
At the start of May, South Bend, Indiana-based tactical vehicle producer AM General received word of an advisory that had the potential to undermine the very foundations of its business. It was from US Defense Secretary Pete Hegseth.