Hummer Sold !!!!

[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

[vador99]

[tocho]

June 2 (Bloomberg) -- General Motors Corp. plans to sell

its Hummer brand of sport-utility vehicles to Sichuan Tengzhong

Heavy Industrial Machinery Co. Ltd., a Chinese equipment maker,

according to five people familiar with the situation.

GM, which filed for bankruptcy protection yesterday, has a

memorandum of understanding with the Chengdu, China-based

company, said the people, who declined to be identified because

the agreement is confidential. At least one other party is still

interested in buying Hummer, though those talks are on hold, one

of the people said.

The deal should be completed by the end of the third
quarter, Detroit-based GM said in a statement today disclosing
the memorandum of understanding. The biggest U.S. carmaker

didn?t identify the buyer or financial terms of the accord.

Hummer was estimated to be worth $500 million, Chief Executive

Officer Fritz Henderson said in bankruptcy court documents.
Tengzhong is a privately owned maker of special-use
vehicles, structural components for highways and bridges, and

construction machinery, according to its Web site. A call to the

company after regular business hours was not answered. A GM

spokesman, Nick Richards, said he could not comment on

speculation.

GM won approval in its first day in bankruptcy court to

sell assets as soon as next month after collapsing under $172.8

billion in debt and failing to adapt to consumer demands for

models that use less fuel. It also expects to shed Saturn and

Saab as part of its restructuring.

[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