GM Stops Production of Hummer

[hummeraddict]

Originally Posted by HummerJim

I read the same thing about the FJ being in its last year. It's not over till the fat lady sings and I think a new buyer for Hummer will surface if the Chinese nix this deal. If it doesn't go through GM would still be liable for all Hummer warranty work, so there is some incentive for them to close the deal. I still don't think AMGeneral is totally out of the picture yet.

Does AMGeneral have $950 Million?

[HummerJim]

Bloomberg reported the Tengzhong deal with GM for Hummer was for $150 million in October, but in late November Bloomberg then reported that if you include foreign trade credits for GM with China the actual cost to buy Hummer was closer to $80 million. A BARGAIN by any stretch of the imagination and just shows GMs eagerness to dump Hummer.
http://wot.motortrend.com/6578150/au...tag/index.html

[wpage]

For that price suprised Jay Leno wont move to Mexico and buy Hummer...

Originally Posted by HummerJim

Bloomberg reported the Tengzhong deal with GM for Hummer was for $150 million in October, but in late November Bloomberg then reported that if you include foreign trade credits for GM with China the actual cost to buy Hummer was closer to $80 million. A BARGAIN by any stretch of the imagination and just shows GMs eagerness to dump Hummer.
http://wot.motortrend.com/6578150/au...tag/index.html

[BACKNBLACK]

Originally Posted by wpage

For that price suprised Jay Leno wont move to Mexico and buy Hummer...

Dealers were told today that the Hummer Deal has fallen thru. This was from my local Hummer Dealer who had the GM meeting at 9:00am today. I wont believe it until I see it in print but it does seem grim :-(

[hummeraddict]

Originally Posted by BACKNBLACK

Dealers were told today that the Hummer Deal has fallen thru. This was from my local Hummer Dealer who had the GM meeting at 9:00am today. I wont believe it until I see it in print but it does seem grim :-(

Say it ain't so.

[HummerMann]

Our dealer up here has heard the same news and all of a sudden all of his 2009 H2s are sold and gone. There were three 2009 H2s two weeks ago and now there are none! If production is over for good, GM still would be responsible for parts and warranty like on my daughter's Oldsmobile. She got the extended warranty through GM at the dealer and can take it to any GM dealer for warranty work. I think collectors are going to start buying the remaining 2010 H3s. I'm trying to get some production numbers on how many were made in Shreveport for the short time the line was open.

[HummerMann]

I've also noticed Lynch's Hummer Web site has been down the last three days. I hope this is just a technical glitch with their site and not the loss of another big Hummer dealer!

[hummeraddict]

Originally Posted by HummerJim

Bloomberg reported the Tengzhong deal with GM for Hummer was for $150 million in October, but in late November Bloomberg then reported that if you include foreign trade credits for GM with China the actual cost to buy Hummer was closer to $80 million. A BARGAIN by any stretch of the imagination and just shows GMs eagerness to dump Hummer.
http://wot.motortrend.com/6578150/au...tag/index.html

The deal origianlly was $150 Million to buy the brand and they had to promise to invest atleast $800 Million in it for new models, research, new engines, etc.
Thats where i came up with the $950.