AM General shuts down H2 plant

[HummerJim]

I've noticed on Ebay and Auto Trader some of the H2 prices have come up a thousand or two in one day! One H2 ad on Ebay says "Own the last of the the best offroad vehicle ever made, except for the H1!"There are so many H2s out there we're not going to have to worry about parts and I'm sure there will be aftermarket manufacturers IF NO ONE buys Hummer from GM and this really is the end of the line for the H2.

[Mark805]

This makes me sad in the pants

[Hummer Guy]

I don't think the H2 is going anywhere too soon...there's still demand, just not the demand there was 5 years ago. A new investor will see that, embrace HUMMER's niche market, and advertise that the brand isn't for everyone. HUMMER's new CEO is already going down that path when he said this a week ago:

"If there's a disappointed HUMMER owner, it's because they weren't looking for a HUMMER. They bought the wrong car. If you're looking for a vehicle that does what this does, you're not going to be disappointed."

[Mark805]

True, Hummer has always been in that niche market, which is one reason I hope it stay around. I honestly dont see how dropping the brand can help GM, it wasn't thier bread and butter.

I still have hope for the HX. It seems like a logical step to retain that 4x4 concept with todays eco friendly mindset. (Plus i want one to apply to some eco type environments )

[HUMMERcustoms.com/TAZ]

Before economy started decline there were 3 solid companies having serious discussions about owning Hummer or doing a deal between them and AM General. They do not really want GM in the mix if possible except for signing on the closing papers.

When things began to change they cooled off and not because they were losing money or afraid of future of Hummer brand. They may not be so hot on spreading the line to meet whatever so called need should be filled so some models could get pared down.

What happened was that these wealth international companies (that by the way a Hummer is a huge vehicle of interest to it's certain income level worker in their specific nation) were smart enough to back off let GM for one get parinoid about the huge unpopular gas guzzler and ride out the monetary troubles happening around the globe. These companies knew before or say maybe our public knew but, still most of our own companies knew that this was coming because they had already seen the advance stages in their own nations as well as the European, Asian, Russian, and others.

These guys sat down (of which at least 1 co. is still family owned) and saw a fire sale price to be had for Hummer alone. Hey why buy it in a rush when in around a year you own Hummer for 50% off, being generous at this time, maybe even 70% off and the old rabbit in a hat trick you have a profitable company at time of closing because now tons of overhead is removed etc. etc.

Many of our business majors can most likely explain this better than me and seriously really really please do so.

TAZ

[Mark805]

Taz:

Thanks, that actually makes some sense to me...

[Badace]

I like G.M owning it. I would hate to see ford buy it. Ford styling sucks.