HUMMER NewsAll News
Originally, Hummer produced the Humvee which was strictly a military vehicle. Eventually the company was purchased by General Motors, which began producing civilian Hummers. Hummer is known for off-road prowess and big in your face design. Hummer no longer exists. Models: H1, H2, H3
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SEMA 2009: Robby Gordon to Compete in 2010 Dakar Rally in New Full Carbon H3
As a brand, Hummer’s time in the spotlight is pretty much over, although if there is something that can save the brand it might be a core group of enthusiasts and a strong motorsports background. While Hummers are best known for being excessive street machines, unlike a lot of SUVs, they are actually incredibly capable…
Breaking: GM Sells Hummer to China’s Sichuan Tengzhong
General Motors has sold its Hummer brand of SUVs to Chinese heavy industrial machinery builder Sichuan Tengzhon. No details have been released but the sale was reportedly made for a sum of just $150 million. GM CEO Fritz Henderson had estimated in documents filed during GM’s bankruptcy proceedings that the brand could be worth as…
Report: Hummer Sale to China’s Tengzhong to Be Finalized Next Week
General Motors’ sale of its Hummer brand to China’s Tengzhong may be completed within a week. The two companies have been working on a deal for Hummer since June, and an unnamed source said to be the discussions said a deal is imminent. “Tengzhong executives have been traveling between the U.S. and China in the…
Report: All Future Jaguar Land Rover Models to Get Aluminum Bodies
Jaguar Land Rover’s (JLR) new Indian owner Tata Motors continues to invest in and makes plans for its newly acquired luxury division despite what has so far been a very poor return on investment. JLR posted a $1.11 billion loss last year but that won’t stop Tata from making big changes, the first of which…
New GM Emerges from Bankruptcy
Today the sun rose on a New General Motors, a move which will also see the sun set on a lot of people’s careers. GM emerged from bankruptcy protection at 6:30 a.m. Eastern Time with news of a serious corporate restructuring plan that will take effect over the next few months. Due to leadership (and…
GM Looks to Exit Bankruptcy Court By Thursday as Asset Sale Approved
Late Sunday a judge approved the sale of GM’s assets to a group comprised of the U.S. government, the UAW and the Canadian and Ontario governments under the name NGMCO, Inc. The decision will see GM exit bankruptcy court quickly with the ‘New GM’ assets going to NGMCO, while the ‘Old GM’ assets will be…
Chinese Government to Block Sale of Hummer
According to a report on Chinese state radio, the sale of Hummer by General Motors to heavy-equipment manufacturer Tengzhong will not go ahead. The report on China National Radio states that Tengzhong’s acquisition of Hummer goes against the government’s efforts to reduce pollution by manufacturing companies in China. Tengzhong released a statement in response to…
Hummer H4 And Alternative Energy Hummers Coming
In an interview with Hummer CEO Jim Taylor, The Detroit Bureau found out plenty about the company’s future plans under it’s new owner, Chinese heavy machinery maker Tengzhong. In the short term Taylor says that the Hummer H3S will be built in a GM facility in Shreveport alongside the Chevy Colorado and GMC Canyon. Looking…
Hummer Buyer Identified as Chinese Heavy Machinery Maker Tengzhong
Earlier today we reported that GM had reached a tentative deal to sell off the Hummer brand to an unnamed party. That company has now been identified as Chinese heavy machinery maker Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. – or just Tengzhong for short. Tengzhong will take control of the Hummer brand including the…
GM Finds Buyer For Hummer, But Who Is It?
A day after filing for Chapter 11 bankruptcy protection, General Motors has announced it has found a buyer for its Hummer brand of SUVs. GM has not, however, named the party. Earlier reports indicated that of the short-list of three potential buyers none of the companies were automakers. One is apparently a U.S. company and…
General Motors Bankruptcy Official
While President Obama and General Motors CEO Fritz Henderson are both expected to hold press conferences today, officially GM has already filed for Chapter 11 Bankruptcy Protection. Once the world’s largest automaker and a symbol of the success of free market economics, GM is now a symbol of failure. In the 1950s it employed over…
General Motors to Reduce Dealership Network by 1,124
General Motors will cut 1,124 dealerships loose by October of 2010. The struggling automaker on the verge of bankruptcy sent letters out to the dealerships last week as it searches for ways to reduce it’s current dealer network of 5,969 to just 3,600. GM says it will not renew dealership agreements with the 1,124 companies…
GM Exectives Sell Off Stock As Sign That Bankruptcy Certain
GM Vice Chair Bob Lutz Kisses a Saturn Astra. Recently he kissed-goodbye to all his stock in the company. In a move that should probably be illegal (but isn’t) six General Motors executives recently sold off all their shares in the company. That’s right, those same guys who helped drive GM into bankruptcy traded in…
General Motors Posts $6 Billion Q1 Loss
General Motors has once again posted a massive quarterly loss, coming up short to the tune of $6 billion for Q1 of ’09. That is roughly the equivalent of the value of 473,000 Chevy Aveos. The company burned through $10.2 billion during the period, lowering its cash reserves to $11.6 billion from $14.2 billion at…
Hagerty Announces “Top 10 Cars We Can’t Live Without”
Each year Hagerty, a major insurer of classic cars, releases its “Top 10 Cars We Can’t Live Without,” aiming to point out which current vehicles will become the classics of the future. This year’s list has some big surprises. Despite trouble in the American auto sector, the top 10 are all American machines, with the…
General Motors To Idle Plants for Two Months This Summer
Several major news outlets are reporting that General Motors is planning extended shutdowns of its U.S. plants this summer. The plants would be idled for as much as nine weeks from mid-May through July. While it is common practice for plants to idle for a “summer break” during the sunny season, that period has traditionally…
Obama Gives GM/Chrysler Bankruptcy Deadlines
Just ahead of the Obama Administration’s press conference today, some of the most important details are already out. General Motors is to be given 60 more days to complete its restructuring plan, while Chrysler is being given just 30 days to finalize a partnership with Fiat. This news comes as both fumbling U.S. automakers are…
General Motors CEO Rick Wagoner Quits: Restructuring FAIL
General Motors CEO Rick Wagoner will be stepping down as the head of the deeply troubled American auto giant by the end of the month – this according to several reports including CNBC and GMInsideNews. Wagoner apparently did not come to the decision on his own and while he was not “forced” he was apparently…
Saturn, Saab and Hummer.. Your Days Are Numbered
Along with asking for $16.6 billion more in loans from the Federal Treasury, General Motors has made it clear that Saturn, Saab and Hummer will be sold off or eliminated. GM has made it clear that Hummer is for sale if anyone is interested, and the same can be said for Saab, if the Swedish…
Hummers Are Still Good For Something…
For everything that is wrong with Hummers, they are, apparently, good at off-roading. Proof of that lies in the success of Rod Hall Racing’s Team Hummer effort, which just swept the stock classes at the Best In the Desert (BITD) Racing Association’s FabTech Desert Classic 2008 season finale. Chad Hall crossed the finish line first…
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Welcome to the AutoGuide.com News Blog, your comprehensive source for breaking automotive news. Our staff of writers and contributors will keep you updated on all aspects of the auto industry, from vehicle unveilings, to concept cars, to news from auto shows, the aftermarket and the world of motorsports. The AutoGuide.com News Blog complements…
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