Category Archives: HummerSale

One more bidder reported left for Hummer, but is GM listening?

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Filed under: Hybrid , SUV , Truck , Plants/Manufacturing , GM , Hummer , Off-Road Sure enough, someone out there still wants Hummer . According to a report by The Car Connection , Raser Technologies has put multiple bids in for the General Motors Earth-squishing trucks – both before and after the failed bid from China’s Sichuan-Tengzhong. Raser Technologies made a name for itself by converting an H3 into a plug-in hybrid not too long ago, and if the company managed to gain control of the future of the Hummer brand, you could bet your biscuits it wouldn’t be too long before a hybrid truck made its way into showrooms.

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One more bidder reported left for Hummer, but is GM listening?

Hummer plant coming back online to fill 849-unit order?

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Filed under: SUV , Plants/Manufacturing , GM , Hummer , Off-Road Hummer H3T – Click above for high-res image gallery Unless a buyer for Hummer materializes in the next few months, General Motors will continue to wind-down its environmental group dart board. The slow death of Hummer has actually been in process since before The General announced that the sale of the brand to China’s Sichuan Tengzhong Heavy Industrial Machinery fell through , as the company’s Shreveport, LA facility stopped making H3 and H3T models in January. But while Shreveport has been down for two months, it looks like the plant could dust off the H3 tooling to fill one more big order. Brandcentric site Hummerguy.net is reporting that GM is ramping up production of the H3 from April 12 to May 13 to fill a 849 unit order.

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Hummer plant coming back online to fill 849-unit order?

BREAKING: GM announces Hummer sale cannot be concluded, brand to be wound down

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Filed under: SUV , GM , Hummer , Earnings/Financials , Off-Road Although it has been evident for some time that General Motors ‘ sale of its Hummer brand to Sichuan Tengzhong Heavy Industrial Machines Co., Ltd., we didn’t expect for word to come down today that the negotiations are dead and the brand will be wound down. Unfortunately, judging by a press release just issued by GM, that’s exactly what will be happening. According to John Smith, GM’s vice president of corporate planning and alliances, “One year ago, General Motors announced that we were going to divest Hummer, as part of focusing our efforts on Chevrolet, Buick, GMC and Cadillac going forward. We have since considered a number of possibilities for Hummer along the way, and we are disappointed that the deal with Tengzhong could not be completed.” As we learned from the Saab sale saga, GM announcing that the brand will be wound down does not completely extinguish hope for another buyer to slip in in the 11th hour, but it does seem highly improbable that a new party will pick up where the negotiations with China’s Tengzhong left off.

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BREAKING: GM announces Hummer sale cannot be concluded, brand to be wound down

Hummer deal with China’s Tengzhong looking shaky

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Filed under: SUV , China , Government/Legal , Hummer , Earnings/Financials It looks like General Motors ‘ deal to sell its Hummer brand to China’s Sichuan Tengzhong Heavy Industrial Machinery is on shaky ground. According to Reuters , the likelihood that the Chinese government will give its approval to Tengzhong has been waning in recent weeks, leading the would-be purchasers to consider making the acquisition using an offshore investment vehicle to skirt the need for Chinese regulatory approval. GM and Tengzhong had originally set a January 31st deadline to complete the sale, later extending that time frame to February 28th.

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Hummer deal with China’s Tengzhong looking shaky

Report: GM, Tengzhong extend Hummer sale deadline until end of February

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Filed under: SUV , China , Government/Legal , GM , Hummer , Earnings/Financials , Off-Road As readily illustrated by the dramatic and protracted sale of Saab to Spyker – a process that itself is not yet concluded – it’s clear that extracting brands from General Motors is a time-intensive process. No surprise, then, that GM and Chinese manufacturer Sichuan Tengzhong Heavy Industrial Machinery have reportedly decided to extend the deadline on a Hummer sale until month’s end. The two companies have been working to sew everything up on the SUV brand deal since it was first announced last October, but the original deadline expired yesterday without a resolution. According to the AFP , the holdup actually stems from the fact that the sale needs to get approval from Chinese regulators, an issue that has been noted before.

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Report: GM, Tengzhong extend Hummer sale deadline until end of February

Report: GM to idle Hummer production on Monday until China deal goes through

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Filed under: Sedan , Truck , Plants/Manufacturing , GM , Hummer 2009 Hummer H3T Alpha – Click above for high-res image gallery Lost in the hoopla surrounding General Motors’ attempted sale/wind-down of Saab and Ford’s situation with Volvo and Geely has been any word surrounding the sale of Hummer to China’s Sichuan Tengzhong Heavy Industrial Machinery. Whatever the state of the Hummer transaction, it appears The General is done waiting. The Detroit News reports that GM plans to halt Hummer production at its Shreveport, LA assembly plant on Monday until a sale of the brand is complete. The factory builds the H3 and H3T (models that account for about 25-percent of the plant’s overall production) and the General says it’s premature to speculate how much the facility’s 1,120 workers will be affected

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Report: GM to idle Hummer production on Monday until China deal goes through