Hummer is History The HMMWV’s long road from battlefield to boulevard to oblivion. This February, following nine months of discussion between General Motors and China’s Sichuan Tengzhong Heavy Industrial Machinery Company, negotiations to sell the Hummer brand collapsed. Even though other potential suitors were rumored, GM has halted its H3 assembly line in Louisiana and begun winding down Hummer retail operations.
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Hummer is History
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?
Filed under: SUV , Government/Legal , GM , Hummer , Off-Road According to a report by the Wall Street Journal , General Motors is taking a second look at two previous offers for Hummer after the deal to sell the ailing sports utility brand finally succumbed to a slow death yesterday . The WSJ doesn’t divulge which companies are in the offing to purchase Hummer, only saying that GM had rejected offers from the two firms last year. The original deal to offload the brand onto China’s Sichuan Tengzhong Heavy Industrial Machinery for $150 million was apparently rejected by the Chinese government, although the reason for the rejection is still in question. It’s hard not draw comparisons to the Saab saga that played out over the course of the last year, with GM finally selling the brand to Spyker after prolonged negotiations.
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Report: General Motors looking at two previous Hummer offers
Review: 2010 Range Rover Sport Supercharged brings the adventure home After a week with the Sport Supercharged, Range Rover has managed to defy both physics and logic with its 510 hp luxo-ute. Geneva Preview: Lotus formally introduces Evora 414E Hybrid When Lotus does a hybrid, you know the crew from Hethel will do it right. And with the Evora 414E, they’ve managed to squeeze both power and fuel economy into one svelt sports car concept. GM announces Hummer sale cannot be concluded, brand to be wound down The Chinese government has snubbed the sale of Hummer to Sichuan Tengzhong, forcing GM to order the wind down of the brand.
Review: 2010 Range Rover Sport Supercharged brings the adventure home After a week with the Sport Supercharged, Range Rover has managed to defy both physics and logic with its 510 hp luxo-ute. Geneva Preview: Lotus formally introduces Evora 414E Hybrid When Lotus does a hybrid, you know the crew from Hethel will do it right. And with the Evora 414E, they’ve managed to squeeze both power and fuel economy into one svelt sports car concept. GM announces Hummer sale cannot be concluded, brand to be wound down The Chinese government has snubbed the sale of Hummer to Sichuan Tengzhong, forcing GM to order the wind down of the brand
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Daily U-Turn: What you missed on 2.24.10
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