Still Some Gas Left In Hummer As Gm Resumes Production To Fill Fleet Order
Posted: Thu Mar 11, 2010 8:06 am
The Hummer hasn't run out of gas just yet.
GM, winding down the military-style vehicle after a deal to sell it failed, said it's resuming production of the Hummer H3 and H3T models for about a month to fill a large fleet order.
GM halted production of Hummers in January while it attempted unsuccessfully to complete a sale of the division to Sichuan Tengzhong of China. Last month, GM said it would close Hummer after Sichuan failed to win Chinese regulatory approval for the deal.
GM has said it would consider alternatives for the business during the wind-down. The automaker has received interest from several parties, people briefed on the matter said after the sale fell through late last month.
The company said in December it would shut Saab, only to revive talks and reach a takeover deal with Spyker.
Saturn and Pontiac also are being phased out and GM's focus is now on the Chevrolet, Cadillac and Buick divisions.
The government pumped in some $50 billion to assist the automaker's journey through bankruptcy protection from lenders. In return, it has a 61% stake in the new GM.
GM, winding down the military-style vehicle after a deal to sell it failed, said it's resuming production of the Hummer H3 and H3T models for about a month to fill a large fleet order.
GM halted production of Hummers in January while it attempted unsuccessfully to complete a sale of the division to Sichuan Tengzhong of China. Last month, GM said it would close Hummer after Sichuan failed to win Chinese regulatory approval for the deal.
GM has said it would consider alternatives for the business during the wind-down. The automaker has received interest from several parties, people briefed on the matter said after the sale fell through late last month.
The company said in December it would shut Saab, only to revive talks and reach a takeover deal with Spyker.
Saturn and Pontiac also are being phased out and GM's focus is now on the Chevrolet, Cadillac and Buick divisions.
The government pumped in some $50 billion to assist the automaker's journey through bankruptcy protection from lenders. In return, it has a 61% stake in the new GM.