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After the the brand has existed for months in sale-or-no-sale purgatory and seeing product demand fall to a quarter of capacity, GM's decided to halt production of all Hummer products until sale to its Chinese suitors is complete. More »
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Hummer is being sold to China's Sichuan Tengzhong Heavy Industrial Machinery with production of current generation vehicles to be carried out under contract by GM. Moving forward, Hummer's new Chinese leaders plans to get smaller with an H4 and H5. More »
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Despite random misgivings by the Chinese government over the sale of Hummer to Tengzhong, recently leaked sales condition details indicate production intent of an small Hummer H4 CUV. HX Concept anyone? Maybe. How about Hummer Compass or Patriot? More likely. More »
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The WSJ reports that Towbin Hummer is the only Hummer dealer in Las Vegas, and one of the brand's biggest franchises in the US — at least it will be until tomorrow, when the dealership shuts its doors for good. While Towbin will be just one of several Hummer dealerships to close this year, it's perhaps the most significant due to its location and place on the sales charts. After all, when you stake your claim on being the biggest and the baddest, and Vegas rejects you, you've probably hit the end of the line. But the Towbin dealership closure isn't just a bust for owner and self-described Hummer aficionado Dan Towbin; it's a big problem for GM too. (UPDATED: The initial WSJ article contained some inaccuracies; this post has been edited to reflect the correct information.) More »
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Automotive News reports that GM President and Chief Operating Officer Fritz Henderson told reporters at a recent press conference in India that the sale of the Hummer brand is on an "urgent basis." That's no surprise, since General Motors is predicting a US vehicle market of around 14 million units for 2008, down from 16 million units last year. Why the statement was made in India, we have no idea, since Mahindra has denied interest in buying Hummer. Perhaps Tata could still be thinking about a purchase? [via Automotive News, Sub. Req.] More »
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China Car Times offers more details on our earlier report that no company seems to want a Hummer from GM, giving us the low-down on insider reasons why Changfeng's in denial. The Chinese automaker was apparently interested enough — and GM open enough — to visit the Hummer production facilities, but subsequently determined the hulking SUV's "gasoline consumption was too high" for Chinese customers. China's new tax on large vehicles, particularly imports, would have further weakened demand, adding as much as 30% to the retail price of a Hummer. CCT closes with a mutually beneficial recommendation for the General: More »
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A new report in the Detroit News states that, while the automaker has received a number of inquiries about the brand, General Motors has neither solicited offers for Hummer nor engaged in discussions with potential buyers. GM is trying to downplay recent reports of interest in Hummer by Russian businessman Oleg Deripaska (now denied by Deripaska), and India's Mahindra & Mahindra. Although General Motors has said it's working on a "strategic review" of the Hummer brand that could lead to a sale, the automaker insists its current focus is on aiding dealer profitability on a case-by-case basis; considering that dealers sold an average of 11 Hummers each last month, that's probably a good place to focus. [Detroit News] More »
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