Official Announcement on HUMMER Buyer Expected Soon

Fox News is reporting that GM is readying the release of more information regarding the preliminary agreement to sell HUMMER. This morning, GM’s release didn’t mention any buyers but speculation has been swirling around China’s Sichuan Tengxhong Heavy Industrial Machinery Company . We’ll keep you posted as soon as we …

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NY Times Reporting HUMMER Buyer is China’s Sichuan

The New York Times is reporting that a government official from China has confirmed that Sichuan Tengxhong Heavy Industrial Machinery Company is the last investor standing in the HUMMER brand sale, and is the company that GM has reached a preliminary agreement with. Sichuan is a private company, but the …

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HUMMER Announcement FAQ

Below you will find a HUMMER Announcement Q & A designed to help customers and dealers sort through the announcement and what it means. Interesting points: HUMMER Headquarters will be based in the United States, and verbiage hints that H1 won’t be brought back – but never say never. Click …

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HUMMER HQ to Remain in United States Regardless of Investor

Even though we don’t know the identity or location of the buyer that General Motors intends to sell the HUMMER brand to, we do know that HUMMER global headquarters will be based in the United States. According to a Q & A regarding Tuesday’s official announcement, HUMMER will continue to …

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H2 to Remain in HUMMER Portfolio, Single Cab H3T Possible, H4 Likely

There’s been a lot of question about the H2 continuing in HUMMER’s portfolio after the departure from GM, though HUMMER spokesperson Nick Richards told PickupTrucks.com that the H2 will be a part of HUMMER’s future, and that other concept vehicles like the H3T would be good indicators of which direction …

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Domestic HUMMER Production to Increase Under New Ownership

About 30 percent of HUMMER sales occur outside of the United States, with GM’s South Africa plant building the overseas right-hand drive H3. According to PickupTrucks.com, the new HUMMER owner is expected to move world-wide H3 production to the U.S. plant in Shreveport, LA. A HUMMER spokesperson said that under …

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GM Reaches Preliminary Agreement on HUMMER Sale

As expected, General Motors announced Tuesday morning that it has reached a preliminary agreement with an unnamed buyer for the HUMMER brand and has entered into a memorandum of understanding with that investor. It’s estimated that a successful sale of HUMMER could save more than 3,000 U.S. Jobs in engineering, …

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GM To Announce Pending HUMMER Sale

On Sunday we learned that GM was closing in on a HUMMER sale with an undisclosed investor, and its expected General Motors will make that message official sometime Tuesday. According to initial reports, GM has settled on a buyer that could take over as early as the 3rd quarter this …

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What GM’s Bankruptcy Means for HUMMER

After GM declared bankruptcy this morning, many are wondering what this will mean for HUMMER’s future as well as its current operations. The short answer: Not much. In his remarks Monday afternoon, CEO Fritz Henderson emphasized that GM is still open for business, and that all warranty, service, and customer …

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Bankruptcy, Presidential Address, GM Press Conference Coming Midday LIVE on HUMMERGuy.net

General Motors officially filed for bankruptcy Monday morning giving the U.S. Government between a 60 and 70 percent share of the troubled automaker. President Obama will address the nation on the issue around 11:55 a.m. eastern time, immediately followed by GM’s press conference with President and CEO Fritz Henderson. New …

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GM Closing on HUMMER Sale

According to the Wall Street Journal, General Motors is “closing in on the sale of its HUMMER brand with an undisclosed investor.” Potential investors have included Chinese companies as well as other international investors, though GM could not release any more details due to pending negotiations. Sources familiar with the …

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