Hummer Talks with Potential Buyers Stalled

It seems that Hummer won’t be leaving the General Motors Company any time soon, as talks with potential buyers have been stalled, Dow Jones Newswires reported today. Unfortunately Hummer spokesman Nick Richards refused to comment on this aspect, and a spokesman for GM’s international operations couldn’t immediately be reached for comment.

As you might remember, GM almost agreed to sell Hummer to Sichuan Tengzhong Heavy Industrial Machinery Co., a company from China. The deal didn’t go through, so General Motors had to announce last month that the sale has failed to gain Chinese approval. When potential buyers expressed interest in the brand, Hummer CEO Jim Taylor set a target date of May 1 for a new deal.

This probably means that Hummer will have the same faith as the other unwanted GM brands had: Saturn has been closed for a while now, after its sale fell through in September, while Pontiac has also been discontinued. Fortunately, Swedish car manufacturer Saab has been sold last month to Dutch niche carmaker Spyker Cars NV.

Despite this bad news, the Hummer production will be restarted on April 12. According to GM spokesman Otie McKinley, 849 Hummer H3s and H3Ts will be built in Shreveport, La. The vehicles were ordered by a fleet company and are supposed to be finished by May 13.

American manufacturer GM has closed the line in its Shreveport, Louisiana plant, on which the Hummer was produced, on January 18. Although the Hummer line was closed, the Shreveport facility continues to manufacture Chevrolet Colorado and Canyon mid-size pickups.