DETROIT – General Motors today announced that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the acquisition of HUMMER. As a result, GM will begin the orderly wind-down of the HUMMER operations.
“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."
GM first acquired the marketing rights to HUMMER from AM General, manufacturer of the military HUMVEE, in 1999. In 2000, a HUMMER concept was introduced at the North American International Auto Show in Detroit. That concept became the H2 which began sales in 2002 alongside the HUMVEE-based H1 through a nationwide network of HUMMER dealerships. GM later introduced several other HUMMER models including the H2 SUT, H3 and H3T. The H1 was discontinued after the 2006 model year.
GM will continue to honor HUMMER warranties, while providing service support and spare parts to current HUMMER owners around the world.
No comments:
Post a Comment