Talks have stalled between General Motors Co. and potential buyers of its Hummer SUV brand, according to a report from Dow Jones Newswires. Last month, GM said that Hummer would be winded down after a planned sale didn’t go through.

After that announcement, talks were reopened after potential buyers conducted due diligence. In its report, Dow Jones cited Tim Lee, head of GM’s international operations. Lee said that since that time, talks have failed to progress. Hummer spokesman Nick Richards declined to comment. GM had been close to entering a deal to sell Hummer to China’s Sichuan Tengzhong Heavy Industrial Machinery Co. last month but this didn’t prosper after the Chinese government didn’t give approval. This piqued the interest of potential buyers and Hummer CEO Jim Taylor set a target date of May 1 for a new deal. GM’s four unwanted brands are quickly fizzling out. GM has been phasing out Saturn since its sale fell through in September. Pontiac also is being discontinued and GM last month completed the sale of Saab to Dutch niche carmaker Spyker Cars NV.

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Tags:car news, Hummer, hummer sale, hummer sale stalled
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Saturn and Hummer won’t disappear with just a whimper. The two General Motors Co. brands that will soon only be a part of history have been given boosts in the assembly line. Last month, GM rolled out 1,037 Saturn Outlooks after failing to make any Saturns since October.

GM spokeswoman Kim Carpenter explained that the company is building the last of the Saturns “to utilize existing material.” GM will produce Outlooks for a few more weeks. With regards to Hummers, an order had come in from a fleet company asking for 849 Hummer H3s and H3Ts. That is why on April 12, the Hummer line in Shreveport, La., will restart. It’s expected that these Hummers will be done by May 13. It can be recalled that Hummer production stopped in January.

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Tags:car news, Hummer, Saturn
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The “Guns and Hummers” concept will be brought to new heights (and further controversy) with the giving away of a free shotgun with each purchase at Lynch Hummer of St. Louis, Missouri.

Last August, this dealership became controversial when it added a gun store to the dealership. But now, Lynch Hummer came up with this unusual way to celebrate the end of the Hummer brand. Dealership owner Jim Lynch said that something had to be done to make up for lost sales due to the inventory being so low. He thought of adding another product, saying that guns were a huge hit with the customers. Continued after the jump!

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Tags:car news, Hummer, hummer shotgun offer
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Ok, you already know that a Hummer it’s an impressive car on the road but also on the most difficult off-road circuits. But what if, its wheels are replaced with snow tracks? Then it becomes the perfect winter car and it will be ready to take you wherever you want. Apparently, this idea came from GeigerCars and the German publication AutoBild who wanted to test the American SUV on the snow-covered Nurburgring race track. As you expected, the Snow-Hummer was happy to with all that snow but also the folks who drove it.

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Tags:car news, geiger h3 snow tracks, Hummer, hummer h3 snow tracks
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The sale of Hummer to Sichuan Tengzhong had failed to prosper but reports are now saying that General Motors Co. is eyeing two separate offers for the brand. According to the Wall Street Journal, the two companies being considered have actually made their bids earlier but had been rejected to favor the Sichuan Tengzhong deal.

Insiders say that GM is reviewing the previous bids. Although it has not been announced who these two bidders are, speculations abound that one is a private equity firm since several such organizations were interested in the brand when bidding started in 2009. Continued after the jump!

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Tags:car news, hummer deal, hummer sale
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As expected, GM announced today that the deal to sell Hummer to Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to be completed and as a result the American branf will be wound down.

After Pontiac and Saturn, another one bites the dust! But don’t worry… GM will still continue to honor Hummer warranties and provide service support and spare parts to Hummer owners. “One year ago, General Motors announced that we were going to divest HUMMER, as part of focusing our efforts on Chevrolet, Buick, GMC and Cadillac going forward. 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,” said John Smith GM vice president of corporate planning and alliances. “GM will now work closely with HUMMER employees, dealers and suppliers to wind down the business in an orderly and responsible manner.”

Tags:car news, Hummer, hummer deal canceled, hummer sale canceled, hummer wind down
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The deadline for Sichuan Tengzhong Heavy Industrial Machinery Co. to purchase Hummer from General Motors Co. has been extended by a month, until the end of February.

According to a contract signed in October 2009, the definitive agreement for the sale of Hummer to Tengzhong, a little-known machinery maker in southwestern China, expired on Jan. 31. In a statement, Tengzhong said that it was waiting for approval from Beijing to close the deal. Tengzhong said that it has started communicating with Chinese regulatory bodies after signing the deal in 2009. Tengzhong also stated that it will do its best to cooperate with the approval process. What’s peculiar is that China’s Ministry of Commerce, which is responsible for the approval of outbound investment by Chinese companies, has repeatedly said it has not received an application from Tengzhong for approval of the purchase.

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Tags:car news, Hummer, hummer deal deadline extended, hummer sale
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At the end of this week, the production of Hummers will be halted as General Motors Co. waits for Chinese regulators to approve the brand’s sale to Sichuan Tengzhong Heavy Industrial Machinery Co.

Hummer spokesman Nick Richards said that as soon as the acquisition deal is completed, the output of Hummer H3 and H3T models at GM’s Shreveport, La., plant will resume. Richards did not say what issues remain that the Chinese government wants resolved. However, Richards confirmed that the US government has approved all regulatory issues. Under the deal, Shreveport will continue producing the models for Sichuan Tengzhong through 2011, with an option to extend the sourcing through 2012. It’s expected that the Chinese buyers are scheduled to obtain an additional diesel version of the H3 from Shreveport in 2011 for global export markets, including China. The line is currently sold in 37 countries.

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Tags:car news, Hummer, hummer production stopped
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As the deal for General Motors Co. to sell Hummer to China’s Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. is being finalized, CEO Jim Taylor is working to have everything in place before Dec. 1. That’s the date that he is hoping GM would be able to close a deal for Hummer. Taylor’s efforts could only be described as Herculean since he has 340 items on his list. Taylor informed Automotive News what he had on his plate. First, he has to kick-start Hummer sales, a majority of which is in the US. Continued after the jump!

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Tags:Hummer, hummer h4, hummer h5, hummer news, hummerh4, hummerh5
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General Motors Co. has begun production at its Shreveport, La. facility for the 2010 Hummer H3 SUV and H3T pickup intended for the US market. Hummer spokesman Nick Richards said that the current inventory is “very low” for the best-selling vehicle in Hummer’s small lineup. Continued after the jump!

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Tags:car news, h3 production restart, Hummer, hummer h3 production, hummer h3 production restart, hummer news
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