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Hummer Electric Cars

Hummer

Hummer was a brand of and SUVs, first marketed in when AM General began a civilian version of the M998 In 1998, General Motors purchased the brand name and three vehicles: the original H1. based on the Humvee; and the H2 and H3 models were based on smaller, GM platforms .

By 2008, Hummer’s in the economic downturn was being and it was placed under review by GM Rather than being to Motors Liquidation Company as of the GM bankruptcy in 2009, the brand was by GM, in order to investigate its sale.

In a Chinese manufacturer, Sichuan Heavy Industrial Machinery announced that it would Hummer, pending government but later withdrew its bid. [ 1 ] On 24, 2010, Reuters reported the Chinese ministry of commerce had the deal, [ 2 ] although a ministry denied rejecting the application, had been stalled for eight [ 3 ] At the end of February, General Motors it would begin dismantling the brand. [ 4 ]

Although the automaker two days later that it had approached with new offers, [ 5 ] by 2010, any sale became as inventory was depleted and Hummer began shutting down. [ 6 ] filling a rental-car fleet the last Hummer H3 rolled off the at Shreveport on May 24, 2010. [ 7 ]

Contents

History [ edit ]

[ edit ]

The original Hummers first designed by AM General a wholly owned subsidiary of Motors (AMC), and built in its Indiana. assembly plant. [ 8 ] In the United States Army was contractors for a new High Mobility Wheeled Vehicle which follow the tracks and ruts of size army trucks [ 9 ] Among the four competitors for the AM General designed an entirely new to meet the Army’s requirements. [ 9 ] In than one year, it was the first to a prototype vehicle. Initial versions were delivered to the proving grounds in April [ 9 ]

After testing was completed AM was awarded the contract to supply its to the United States armed The first models were in a variety of military-based equipment and The first contract was in 1983, US$1.2 billion to produce Humvees by 1985. [ 10 ] The first vehicle was assembled by AM General on 2, 1985. [ 9 ] The contract was later for an additional 15,000 units. [ 9 ]

AM General had planned to sell a version of the Humvee as far back as the Having the same structure and mechanical components, the civilian were finished in automotive paint, adding passenger car such as air conditioning. sound upgraded upholstery, stereo wood trim, and convenience [ 11 ] The civilian model began in because of the persistence of Arnold who saw an Army convoy while a movie. [ 12 ]

In 1992, AM General selling a civilian version of the Humvee vehicle to the public the brand name Hummer. [ 10 ]

GM [ edit ]

In December 1999, AM sold the brand name to Motors, but continued to manufacture the [ 10 ] GM was responsible for the marketing and distribution of all produced by AM General. Shortly GM introduced two of its own design models, the H2 and H3. and the original vehicle H1. AM General to build the H1 until it was discontinued in [ 13 ] and was contracted by GM to produce the H2.

The H3 was built in Shreveport, LA alongside the Colorado and GMC Canyon pickups, which it shared the GMT-355 (modified and designated GMT-345). dealership buildings featured an sized half Quonset Hut roof, themed to the Hummer military origins. [ 14 ]

Hummer Electric Cars

By 2006, the began to be exported and sold importers and distributors in 33 countries. [ 15 ] On 10, 2006, GM began producing the H3 at its Port Elizabeth plant in Africa for international markets. [ 15 ] The built there at first only left-hand drive, but drive versions were and exported to Australia and other

The H2 was also assembled in Kaliningrad. by Avtotor, starting in 2006 and in 2009. [ 16 ] The plant produced a few vehicles annually, and its output was to local consumption with dealers in Russia.

On June 3, 2008, one day prior to annual shareholder meeting, Wagoner, GM’s CEO at that said the brand was being and had the possibility of either being having the production line redesigned, or being discontinued. [ 17 ] was due to the decreasing demand for large as a result of higher oil prices. immediately after the announcement, a of Indian automakers, including Mahindra. expressed interest in all or part of Hummer. [ 18 ]

In April GM President Fritz Henderson several interested parties had GM regarding the Hummer business. [ 19 ]

sale [ edit ]

On June 1, as a part of the General Motors announcement, the company revealed the Hummer brand would be However, the following day GM announced instead it had reached a deal to the brand to an undisclosed buyer. [ 20 ] GM announced that same day the sale was to an undisclosed Chinese [ 21 ] CNN and the New York Times identified the of the Hummer truck unit as Sichuan Tengzhong Heavy Machinery Company Ltd. [ 20 ] [ 22 ] [ 23 ] that day, Sichuan itself announced the deal on own website.

On January 6, 2010, GM CEO Ed Whitacre he hopes to close the deal Tengzhong by the end of January 2010. [ 24 ] On 1, 2010, it was announced that and General Motors had agreed to the deadline until the end of February as tried to get approval by the Chinese [ 25 ] It was also revealed that the tag of the Hummer brand was $150 [ 26 ]

Later, on February 24, 2010, GM the Tengzhong deal had collapsed and the brand would soon down. [ 27 ] There were that Sichuan Tengzhong pursue the purchase of the Hummer from GM by purchasing it privately the company’s new JA Tengzhong Fund a private equity investment owned by an offshore entity was recruiting private investors to buy its acquisition plan. [ 28 ] The financial posed problems for established and even more for Tengzhong, a company from western at the same time as the potential of the Hummer brand continued to given high fuel and weak consumer demand. [ 29 ]


The company announced it was willing to offers for all or part of the assets. company Raser Technologies with several others interest in buying the company. on April 7, 2010, this failed as well, and General officially said it was shutting the Hummer SUV brand and offering rebates in a bid to move the remaining vehicles. [ 30 ] [ 31 ]

Hummer Electric Cars
Hummer Electric Cars
Hummer Electric Cars
Hummer Electric Cars
Hummer Electric Cars

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