The V8 is not speculation or on the drawing board, it's actually put to test January 2006. Initially in 2005 there was a debate inside GM between a supercharged 3.5 H3 or a V8. Problem with the Supercharged is that not all countries allow superchragers. The V8's problem was fitting one in the H3 compartment. V8 camp won the debate, apparently engineers managed to fit one.
the H4 was not dropped, but altered in concept. initially the H4 was supposed to be a smaller than H3 Hummer, to compete with the LR Freelander, Toyota RAV4 BMW X3 & similar size vehicles, through research, GM found out that a small Hummer would deviate the brand from its initial image of toughness and roughness.
Instead GM needs a vehicle on the Extreme side of offroading (Jeep Rubicon, upcoming Ford Bronco), so the H4 will be a wheelbase reduced H3 (Probably 2 door).
I got the info on the V8 H3 from 2 separate GM officials, one of them even hinting it to the press.
Regards.
SledgeHummer
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