The Russians? The Chinese? The Indians? Mark Cuban? A fire sale’s going on at the Ren Cen, and some two-bit billionaire has officially stepped in to remove this albatross from about the neck of GM. The identity of the brave soul is still a secret, but a few details are coming to light. The sale will net an additional 3,000 manufacturing and engineering jobs due in part to South African production of right-hand-drive H3s moving to the Shreveport, LA plant. What else lies ahead for HUMMER? UPDATE: Chinese company Sichuan Tengzhong Heavy Industrial Machinery Company Ltd FTW!
First of all, military truck production is not going anywhere. AM General will continue developing technology for military applications as before, while still producing the H2 in Indiana. The H3 and H3T are here to stay, as is the H2. HUMMER spokesperson Nick Richards mentioned that an H4 to rival Jeep’s Wrangler and a 2-door H3T are good examples of future models. The new owner is also committed to alternative fuel technologies and diesel engine powertrains.
No dealerships will be closed (for now) due to an agreement between GM and new ownership. Dealer support and parts services will also be provided during the transition, and all warranties will be fully honored. Also, HUMMER will maintain a global headquarters somewhere in the United States regardless of the investor. Expect to see the buyer unmasked in the near future.