Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

GM puts brakes on Hummer production

2010_hummer_h3t.top.jpgHummer H3Tby Peter Valdes-Dapena, senior writer


NEW YORK (CNNMoney.com) -- General Motors has suspended production of Hummer vehicles pending Chinese government approval of its deal to sell the unit to Sichuan Tengzhong Heavy Industrial Machinery Co., a GM spokesman said Thursday.

The H3 and H3T, the last two Hummer models still being made, are produced at GM's Shreveport, La., factory. The factory, which also makes the GMC Canyon and Chevrolet Colorado pick-ups, will stay open. The plant employs 1,120 people and no layoffs are planned.

6 cars worth waiting for
If you're considering a new car, keep these upcoming models, just unveiled at the Detroit Auto Show, in mind.

GM sold 325 Hummers last month and there are about 2,100 of the trucks still in dealer inventories, "enough inventory to get dealers through the point in time when the deal is done," GM spokesman Nick Richards said.

There is still no indication of when, exactly, that might happen, Richards said.

"We're assuming this happens within the early part of this year," he said.

Sales have suffered, in particular, because of consumer uncertainty about the brand's fate, said Richards, and the fact that GM has not been advertising it.

GM finalized its deal to sell 80% of the Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China in October. The Chinese government still must approve the deal.

The remaing 20% is being sold to a private investor.

GM stopped producing the larger Hummer H2 SUV in 2008. To top of page

Find Your Next Car
Index Last Change % Change
Dow 16,014.38 -12.67 -0.08%
Nasdaq 4,268.76 -14.99 -0.35%
S&P 500 1,852.21 0.00 0.00%
Treasuries 1.73 -0.01 -0.35%
Data as of 11:45pm ET
Company Price Change % Change
Bank of America Corp... 12.20 -0.07 -0.57%
Facebook Inc 99.54 -0.21 -0.21%
Pfizer Inc 29.10 0.54 1.89%
Ford Motor Co 11.35 -0.24 -2.07%
Microsoft Corp 49.28 -0.13 -0.26%
Data as of 4:01pm ET
Sponsors

Sections

Sports Authority faces looming deadline, possible bankruptcy filing after missing $20 million interest payment. More

President Obama's $4.15 trillion budget won't go anywhere this year with Republican lawmakers. But sometimes the proposals of outgoing presidents can influence future policy debates. Here are some of Obama's ideas from his last budget blueprint. More

STEM3 Academy was started specifically for students with autism, ADHD and Asperger's Syndrome. Its STEM-based curriculum is breaking through barriers. More

Looking to buy a home while carrying student debt? Here's the difference between making a low down payment and putting 20% down. More