"I'm confident that HUMMER will thrive globally under its new ownership. And for GM, this sale continues to accelerate the reinvention of GM into a leaner, more focused, and more cost-competitive automaker," said Troy Clarke, President of GM North America.
GM said that as part of the proposed deal, Hummer will continue to contract vehicle manufacturing and business services from GM during a defined transitional time period. Under the proposed agreement, GM's Shreveport Assembly plant would continue to contract assemble the H3 and H3T through at least 2010.
"GM has developed HUMMER into a globally recognized off-road brand," said James Taylor, Hummer chief executive officer. "The proposed agreement will enable us to continue that growth and maximize the brand's potential through new, innovative off-road vehicles with improved efficiency and alternative fuel powertrains. Today's announcement is great news for Hummer's current and future customers, dealers, suppliers and employees around the globe."
As of today, General Motors has officially declared that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (try saying that ten times fast, I'll wait) won't be buying the Hummer brand after all. If you don't recall, Tengzhong is the Chinese...
My eyes, oh my poor eyes... Can't remember for sure if we have seen any custom made vehicle worse than this heavily modified Hummer H1 that's up for grabs on eBay, but it certainly makes the top list. And wait until you see the interior with the...
And the impending buyer of General Motor's Hummer division is... China's Sichuan Tengzhong Heavy Industrial Machinery Co. LTD. Sorry, never heard of them and chances are that 99.99% of those reading this post haven't either. But if you must...
So what do you do when you're in the bizarre position of being a Ford nut that wants a Hummer but doesn't have enough money to buy one? Well, while most people would just forget about it, FullSizeBronco (FSB) forum member Francois (aka H150) decided...
No, people haven't lost their mind with the widespread economic turmoil -well, not yet at least- as this Hummer H3 that's fitted with a set of wooden wagon wheels is actually a piece of art created by Matthew Harrison and it's on show at the...