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David K
Honored Nomad
Posts: 64719
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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GM kills HUMMER (not 'green' enough)!
http://dealbook.blogs.nytimes.com/2010/02/24/g-m-to-close-hu...
G.M. to Close Hummer After Sale Collapses
February 24, 2010, 3:57 pm
General Motors said Wednesday that it was shutting down Hummer, the brand of big sport-utility vehicles that became synonymous with the term “gas
guzzler,” after a deal to sell it to a Chinese manufacturer fell apart, The New York Times’s Nick Bunkley reports from Detroit.
G.M. said only that its planned sale of Hummer to the Sichuan Tengzhong Heavy Industrial Machines Company “cannot be completed,” without giving a
reason, but the $150 million deal had been stalled as the companies awaited approval from the Chinese government. G.M. had been trying to sell Hummer
for a year, and struck a preliminary deal with Tengzhong last June.
The two companies had planned to close the deal by the end of January, then delayed the deadline by a month in the hopes of getting the green light
from China.
“We have since considered a number of possibilities for Hummer along the way, and we are disappointed that the deal with Tengzhong could not be
completed,” John Smith, G.M.’s vice president of corporate planning and alliances, said in a statement. “G.M. will now work closely with Hummer
employees, dealers and suppliers to wind down the business in an orderly and responsible manner.”
It was the third time since G.M. emerged from bankruptcy protection last year that a deal to sell one of its unwanted brands collapsed. The company is
shutting down Saturn after a sale fell through, and it began to halt operations at Saab after an agreement with Koenigsegg AB in Sweden was called
off. G.M. later reached an agreement with a Dutch company, Spyker Cars; that deal closed Tuesday.
G.M. also is closing Pontiac but it never tried to sell that brand.
G.M. said it still would honor Hummer warranties and provide service and parts to current Hummer owners worldwide. Hummer has nearly 400 dealerships
globally.
The deal would have made Tengzhong the first Chinese company to sell vehicles in North America, though it planned to keep Hummer’s operations in the
United States.
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Barry A.
Select Nomad
Posts: 10007
Registered: 11-30-2003
Location: Redding, Northern CA
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Mood: optimistic
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Hummer H-3 claimed to get 20 mpg on the road, which ain't that bad. That is what my X-terra gets, as well as my Isuzu Trooper, so right there in the
ball park.
What a shame to lose that brand.
Barry
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mtgoat666
Select Nomad
Posts: 18046
Registered: 9-16-2006
Location: San Diego
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Mood: Hot n spicy
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good riddance to the dumber 
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mtgoat666
Select Nomad
Posts: 18046
Registered: 9-16-2006
Location: San Diego
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Mood: Hot n spicy
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| Quote: | Originally posted by Barry A.
What a shame to lose that brand.
Barry |
as a taxpayer, i am an owner of GM. i think it is better for GM to shut down the brand, and thereby eliminate competitor that would be created by
selling brand.
also, in this day of global warming and dwindling oil reserves, our government should not be in business of promoting wasteful gas guzzlers.
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DanO
Super Nomad
Posts: 1923
Registered: 8-26-2003
Location: Not far from the Pacific
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What if the name of that potential buyer was Sichuan Heavy Industrial Tengzhong Machines Company? Their acronym would be . . . .
\"Without deviation from the norm, progress is not possible.\" -- Frank Zappa
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TMW
Select Nomad
Posts: 10659
Registered: 9-1-2003
Location: Bakersfield, CA
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What will Robby Gordon use for body panels at the Dakar race next year? Maybe Toyota truck panels since he drive a Toyota in NASCAR. I bet if he does
his accelerator will stick and he'll win every stage.
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Sharksbaja
Elite Nomad
Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
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What's a hummer?
DON\'T SQUINT! Give yer eyes a break!
Try holding down [control] key and toggle the [+ and -] keys
Viva Mulege!
Nomads\' Sunsets
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mulegemichael
Super Nomad
Posts: 2310
Registered: 12-24-2007
Location: sequim,wa. and mulege
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Mood: up on step
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thanks, corky!
dyslexia is never having to say you\'re yrros.
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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It sounds to me like the free market has spoken.
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Barry A.
Select Nomad
Posts: 10007
Registered: 11-30-2003
Location: Redding, Northern CA
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Mood: optimistic
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| Quote: | Originally posted by Bajaboy
It sounds to me like the free market has spoken. |
Yep, your right, but I think it still a shame---------stuff happens.
Goat says "gas guzzler"??? at 20 mpg??? You have a decent 4x4 that gets much better?
Barry
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El Camote
Senior Nomad
Posts: 514
Registered: 9-7-2003
Location: Above the clouds
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Mood: y Blues
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| Quote: | Originally posted by Sharksbaja
What's a hummer? |
'bout 100 pesos in T.J.
Is that right, fishbuck? 
Knowledge is good. - Emil Faber
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AmoPescar
Senior Nomad
Posts: 835
Registered: 7-15-2006
Location: North San Diego County
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Mood: Need a Fish Taco and a Pacifico!
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MI AMIGO...LOOKS LIKE YOU SPENT THAT 100 PESOS IN TIJUANA...
and...look what happened to you...You got all HAIRY and UGLY!!
Stay away from that den of iniquity my son!
Miguelamo   
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Stickers
Senior Nomad
Posts: 571
Registered: 4-12-2006
Location: SoCal
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| Quote: | Originally posted by Barry A.
| Quote: | Originally posted by Bajaboy
It sounds to me like the free market has spoken. |
20 mpg???
Barry |
You'd have to been born yesterday to believe that B.S.
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DavidT
Nomad
Posts: 494
Registered: 4-9-2005
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| Quote: | Originally posted by DanO
What if the name of that potential buyer was Sichuan Heavy Industrial Tengzhong Machines Company? Their acronym would be . . . .
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chitMC
I don't get it.
David
Not one shred of evidence supports the notion that life is serious.
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Packoderm
Super Nomad
Posts: 2116
Registered: 11-7-2002
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I wonder how much collector's value a mint hummer will have in the future. I also wonder how many zero mile H1s are out there.
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David K
Honored Nomad
Posts: 64719
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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How many does Arnold own?
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BOLARNR
Newbie
Posts: 20
Registered: 2-24-2010
Location: Aptos, CA.
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Mood: Pasatiempo @ Rincon, BOLA
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I've been driving my H2 down to the bay of L.A. for 2 yrs now and you can not find a more comfortable ride, on or off the pavement. These trucks have
been given a bad rap because of fuel economy, heck we get 14.5 per miles @ 68mph. with 6 people and MX fuel @ a little over 2 bucks that's not bad for
that many passengers. Throw in all the bridge by- passes I feel a whole lot better knowing I can traverse most problem areas no problemo. I'm not
going to get all self righteous about these SUV's it's just personal preference. My solar panels, recycling program and water conservation is about
all I'm good for and my carbon foot prints are made with flip flops.
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DianaT
Select Nomad
Posts: 10020
Registered: 12-17-2004
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This belongs in off-topic. Gees, it is getting more and more that these topics stay in general discussion---politics and all.
It is a shame, IMHO
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David K
Honored Nomad
Posts: 64719
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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There are several Nomads who own Hummers... two amigos I know of are Ken Bondy (H1) and GeoRock (H2). Since Hummers are 'off road' in nature, it seems
news about Government Motors killing off that line (to join other GM kill offs: Saturn, Pontiac, Saab, etc.) belongs on Nomad and better in the Off
Road forum, then on General Baja Discussion...
There are topics I don't care for on Nomad, as well Diane. It's a freedom of speech thing, I guess. If we don't like what a Nomad has to say, we can
move on to another post without calling for the removal of that post... We have so few freedoms left, it seems. 
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Barry A.
Select Nomad
Posts: 10007
Registered: 11-30-2003
Location: Redding, Northern CA
Member Is Offline
Mood: optimistic
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| Quote: | Originally posted by DianaT
This belongs in off-topic. Gees, it is getting more and more that these topics stay in general discussion---politics and all.
It is a shame, IMHO |
4-wheel drives are not "baja related" somehow, Diane??? It seems very baja-related to me since much of my driving in Baja was in a 4-wheel drive off
the beaten path. I almost bought a Hummer-----now glad I didn't, but the H3 is a very good vehicle and it is a shame that it will become a thing of
the past, or so it seems..
This subject is of great interest to many on this board, I am betting.
Barry
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