Hummer Sold !!!!

[porschett]

LONDON -- General Motors said it's reached a tentative deal with an undisclosed buyer to sell its Hummer brand for an undisclosed price. The deal includes plans by the investor to aggressively fund future Hummer product programs, the automaker said. As part of the proposed transaction, Hummer will continue to contract vehicle manufacturing and business services from GM during a defined transitional time period. For example, under the proposed agreement, GM's Shreveport Assembly plant would continue to contract assemble the H3 and H3T through at least 2010.

[frenzy1]

Sounds good ! What about h2 ?

[HummerJim]

A GM spokesoman, identified as a Mr. Richards from GM was quoted on TV here this morning saying that the new owner of Hummer will keep the H2 as part of the Hummer brand with a 2010 model, but powertrain upgrades will be seen in the future. So far they have been very satisfied with the flex fuel engine and we may see some refinements in it. Unofficial word has it the H2 line will start back up this summer.

[mbdougl]

Detroit-based GM said it has reached a memorandum of understanding with a buyer for Hummer, though it did not name the buyer or the price.

Can't get much more vague than that.

[HummerJim]

Originally Posted by HummerJim

A GM spokesoman, identified as a Mr. Richards from GM was quoted on TV here this morning saying that the new owner of Hummer will keep the H2 as part of the Hummer brand with a 2010 model, but powertrain upgrades will be seen in the future. So far they have been very satisfied with the flex fuel engine and we may see some refinements in it. Unofficial word has it the H2 line will start back up this summer.

LATER UPDATE: CNBC is reporting that the agreement with the new investor would curtail production of the international version of the H3 in South Africa and move it to a US facility (Shreveport I would think) and will result in not only saving existing Hummer jobs, but increasing manufacturing and engineering jobs in the United States. The agreement is also said to have language aimed at saving existing Hummer dealerships and service departments worldwide. ..... As Confucius said ..........May you live in interesting times!

[lude]

Just heard it will be sold to a Chinese private Equity firm and will continue to be built in the States official announcement will come this week

[HumminNBoatin']

Well I learned from an inside source at the Kinzalow's Event that the American Prospective buyer is Ron Perelman. Who is also the majority owner of AM General...... From what I understand this is who the new owner will be. We will soon find out.

[DRTYFN]

Key word: tentative

[doramide7]

Originally Posted by HummerJim

A GM spokesoman, identified as a Mr. Richards from GM was quoted on TV here this morning saying that the new owner of Hummer will keep the H2 as part of the Hummer brand with a 2010 model, but powertrain upgrades will be seen in the future. So far they have been very satisfied with the flex fuel engine and we may see some refinements in it. Unofficial word has it the H2 line will start back up this summer.

Default Re: Hummer Sold !!!!
Detroit-based GM said it has reached a memorandum of understanding with a buyer for Hummer, though it did not name the buyer or the price.

Can't get much more vague than that.
Reply With Quote Quick reply to this message

[guruerror]

Originally Posted by doramide7

Default Re: Hummer Sold !!!!
Detroit-based GM said it has reached a memorandum of understanding with a buyer for Hummer, though it did not name the buyer or the price.

Can't get much more vague than that.
Reply With Quote Quick reply to this message

Uhhhh...well, THAT comment's a little late.

[dorramide7]

Originally Posted by HummerJim

A GM spokesoman, identified as a Mr. Richards from GM was quoted on TV here this morning saying that the new owner of Hummer will keep the H2 as part of the Hummer brand with a 2010 model, but powertrain upgrades will be seen in the future. So far they have been very satisfied with the flex fuel engine and we may see some refinements in it. Unofficial word has it the H2 line will start back up this summer.

Detroit-based GM said it has reached a memorandum of understanding with a buyer for Hummer, though it did not name the buyer or the price.

Can't get much more vague than that.

[Hellz]

Originally Posted by norman.noris

I sure hope so. Humvees suck. Maybe they'll replace them with something less buggy. And able to carry 4000 pounds of armor without modifications.

do you even know WTF you are talking about?

HMMWV aka Humvee is not Hummer. these are made by AM General

Hummer - H2, H3 -GM based company

so, your bitching about humvee's sucking and being forced to do things that it was not designed to do.. aka 4000 lbs of armor aka frag5 kit.

well first, get a clue..
2nd humvees HAVE been replaced with MRAP's and other assortment of vehicles.... btw.. /drool MRAP ATV

http://www.militaryfactory.com/armor...osh-matv_3.jpg

wouldnt mind getting my hands one of these....

anyways.. back to my rant..

go away troll!

[guruerror]

Originally Posted by Hellz

go away troll!

[wingn69]

H2-v- MRAP OH YEAH BABY GET ME ONE

[wingn69]

OR TWO

[blackhawk29]

There would be no way in hell i would buy a chinese hummer. i would have replaced my 08 h2 with a 10 h2 but now will be trading in my chinese backed hummer for something american as soon as the 2010's hit. nice move GM.

[Badace]

Originally Posted by blackhawk29

There would be no way in hell i would buy a chinese hummer. i would have replaced my 08 h2 with a 10 h2 but now will be trading in my chinese backed hummer for something american as soon as the 2010's hit. nice move GM.

Sorry, but America is no longer America. We have a Kenyan in office and the European philosophy has taken over the America we know and love. There was a reason the Founders left Europe, to have freedom and the right to pursue prosperity and happiness with out being infringed on by others and the Government. Regulation keeps us from infringing on others. But that philosophy is gone and the reason our ancestors left has now engulfed us. Buying american means built by china and assembled in America. While that is said, it is what it is. I would still buy one. Especially since GM is now a rediculious vision of sunflowers and ty dyes.

[Intercooled]

Well at least Hummer will be its own entity and not part of GM any more. I was always a GM fan but not sonce this past year. Hopefully we will see some enginuity in thier advertiseing campaings and a better vision to reality stance on the products. Maybe Hummer Happenings will come back. I dont think Thoing would have invested so much oney with out expecting great things. Like the others have said, its Chinese but built in America buy Americans. The Chinese just sign the checks. Hopefully the paint wont be lead based!

[guruerror]

General Motors says it will discontinue the line of massive off-road vehicles after its bid to sell the brand to a Chinese company failed.
For more information, visit washingtonpost.com:
http://link.email.washingtonpost.com...ZES/T8V5M/FW/t

[porschett]

Updated February 24, 2010
GM to Kill Hummer Brand as Sale Falls Through

FOXNews.com

Chinese regulators reportedly would not approve the deal.


General Motors will close its Hummer division after efforts to sell it to Sichuan Tengzhong Heavy Industrial Machines of China could not be completed, the company announced Wednesday. The news comes just a day after GM finalized the sale of Saab to Dutch automaker, Spyker.

In a statement, John Smith GM vice president of corporate planning and alliances states that "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."

Earlier in the day there were reports that since Chinese regulators were refusing to approve the sale, Sichuan Tengzhong was in the process of creating an offshore company to purchase the automaker.

GM will begin an orderly wind-down of the Hummer brand immediately while retaining responsibility for warranties and sales and service. The company has previously started the process of closing its Pontiac and Saturn brands as part of its broader restructuring.