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 17,689.86 -56.12 -0.32%
Nasdaq 5,128.28 -0.50 -0.01%
S&P 500 2,103.84 -4.79 -0.23%
Treasuries 2.20 -0.06 -2.78%
Data as of 1:36am ET
Company Price Change % Change
Bank of America Corp... 17.88 -0.25 -1.38%
Micron Technology In... 18.51 -1.39 -6.98%
Facebook Inc 94.01 -1.20 -1.26%
Apple Inc 121.30 -1.07 -0.87%
Frontier Communicati... 4.72 0.09 1.94%
Data as of Jul 31
Sponsors

Sections

Some families are outraged at the sums they've been offered by Lufthansa as compensation for the Germanwings plane crash in March which killed 150 people. More

China's factories hit an unexpected speed bump in July, hiking concerns about slower growth in the world's second-largest economy. More

Fast-food chains that operate in more than 30 locations nationwide are the sole target of a new rule in New York to hike their minimum wage to $15. But consumers and small business owners, as well as some employees, may be the ones to pay the price. More

You can't blame it on the economy anymore. More Millennials now have jobs, but are still living at home. More