In the wake of the collapsed bidding process by Sichuan Tengzhong Heavy Industrial Machinery to acquire Hummer, GM is examining prior bids with a fresh look. In a situation reminiscent of that with Saab, the company however will begin the winding down process while examining bids. Hummer’s chances of resurrection however, are significantly lower than [...]
General Motors just announced that Chinese company Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the acquisition of Hummer. The Detroit automaker said that it will begin the orderly wind-down of the Hummer operations. “One year ago, General Motors announced that we were going to divest HUMMER, as part of focusing [...]
J.D. Power and Associates today released its 2010 Customer Service Index (CSI) Study. The group said that outlook for auto dealers service volumes and customer spending appears to be decreasing due to depressed sales in 2008 and 2009. J.D. Power and Associates said that it expects service traffic volume to drop approximately 20 percent between [...]
Earlier last month General Motors suspended production of Hummer vehicles pending approval from the Chinese government with regards to its deal to sell the brand to Sichuan Tengzhong Heavy Industry Machinery. Well, it doesn’t seem like Hummer vehicles will re-enter production anytime soon because GM and Tengzhong have extended the deal deadline to the end of [...]
The brass over at General Motors has suspended any further production of Hummer vehicles pending approval from the Chinese government with regards to its deal to sell the brand to Sichuan Tengzhong Heavy Industry Machinery Co., said a GM spokesperson today. The Louisiana factory that produces the H3 and H3T – the last two Hummer [...]
According to General Motors’ sales executive, Susan Docherty, a total of 1,712 Saturn and Pontiac vehicles remain in the company’s inventory. Docherty told reporters and analysts that only 796 Pontiacs and 916 Saturn units remain, as compared to 32,000 Saturns and more than 70,000 Pontiacs the company had in May as it filed for Chapter [...]
According to J.D. Power and Associates 2009 Avoider Study, nearly one in five new car shoppers avoid a brand due to their concerns over the future of the company. J.D. Power and Associates said that the top five brands being avoided by consumers are domestic brands including Chrysler, Dodge, HUMMER, Pontiac and Saturn. The firm said that [...]
General Motors Company said today that it has started production of the 2010 Hummer H3 SUV and the H3T pickup at its Shreveport, LA plant as inventory continues to drop. Inventory “is very low,” Hummer spokesman Nick Richards told Automotive News. As of November 1, Hummer had about 1,138 vehicles in the United States. “We’re [...]
Hummer, which is on its way to becoming owned by China’s Sichuan Tengzhong Heavy Industrial Machinery, announced updates to its 2010 Hummer H3 and H3T mid-sized SUVs. The new additions include new colors and an available E85 Flex Fuel 5.3L V8 engine. The 5.3L V8 Flex Fuel engine makes 300-hp with a maximum torque of [...]
It was reported last week that China”s Sichuan Tengzhong Heavy Industrial Machinery has closed a deal with General Motors Company to buy the Detroit automaker’s HUMMER brand. Apparently, nothing is final just yet; Tengzhong is now in the process of seeking regulatory approval and aims to close the deal by early 2010. “We have started [...]
