Filed under: SUV, Truck, China, Government/Legal, Plants/Manufacturing, GM, Hummer, UAW/Unions

Cedric Glover, the mayor of Shreveport, Louisiana, went to Washington, D.C. to plead his case for the sale of Hummer to Tengzhong. The only thing is, we’re not sure why he went. To be more precise, we do know that he wants to protect jobs at GM’s Shreveport plant that builds Hummers. The plant has about 800 workers who build some of The General’s pickup trucks and Hummer models, and the loss of The Big H would undoubtedly put people out of work.

What we’re not sure of is what he thinks Washington has to do with it. He did ask that a couple of D.C. muckety-mucks “consider reaching out to the Chinese government to urge immediate approval of the Hummer deal,” but Washington hasn’t expressed any opposition to the deal and probably couldn’t get the deal concluded on the Chinese side any sooner — never mind the fact that Hummer is the least of Washington’s concerns as far as China goes.

We’ve been told by one source at Hummer that although nothing is final until it’s signed, they feel good about the deal, and Tengzhong must have known what it was doing when it made the bid in the first place. Yet beyond all that, as it stands today the Shreveport plant has three years to live at most: the facility wasn’t part of the Hummer sale, and GM said it would shutter the place by 2012 at the latest. Mayor Glover wants to save jobs in his town, which is great, but unless GM starts going gangbusters (and soon) then Glover could be playing the Deck Chair and Sinking Ship game.

[Source: HummerGuy]

Shreveport, LA mayor lobbies D.C. to close the HUMMER deal, already originally appeared on Autoblog on Sat, 24 Oct 2009 14:16:00 EST. Please see our terms for use of feeds.

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Shreveport, LA mayor lobbies D.C. to close the HUMMER deal, already

Filed under: Work, GM, Hummer, Specialty, Alternative Fuel

Remember the Standard Taxi from the Vehicle Production Group? It’s now called the MV-1, and production is slated to begin next year at the AM General plant in Mishawaka, Indiana. That’s the same assembly location where the Hummer H2 is built, which makes sense since the MV-1 is based on the same GM underpinnings as the behemoth SUV.

According to its makers, the MV-1 is the first purpose-built wheelchair-accessible vehicle in America, and it’s able to accommodate up to six adults or two full-size wheelchairs. An ADA-approved ramp that stows under the vehicle’s floor and a 36-inch wide side opening are designed to make entry and exit a simple affair.

With its body-on-frame construction made with fully boxed rails, the MV-1 should prove to be a durable people mover and its well-known GM drivetrain components should also be easily serviceable. Further, VPG has teamed up with Clean Energy to develop a dedicated compressed natural gas powertrain option that will provide a 250-mile range with significantly reduced emissions.

Styling wise, the MV-1 may not be the prettiest machine on the road, but for those needing to transport wheelchair-bound passengers, this design may just be a thing of beauty. See for yourself in our high-res image gallery below.

[Source: VPG Autos, Detroit Free Press]

AM General to build VPG MV-1 people-mover at Hummer H2 factory originally appeared on Autoblog on Wed, 21 Oct 2009 13:41:00 EST. Please see our terms for use of feeds.

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AM General to build VPG MV-1 people-mover at Hummer H2 factory

Filed under: SUV, China, Government/Legal, GM, Hummer

Last week, it was reported that General Motors had signed a definitive agreement to sell Hummer to Chinese machinery manufacturer Tengzhong. The Chinese company and its partner in the deal, Lumena Resources Corp., would pay $150 million and receive Hummer and its intellectual property, ownership of U.S. franchise agreements, and manufacturing, business, and component assistance during a four- or five-year transition period.

The questions being raised now concern what is happening on the other side of the Pacific. The Chinese Commerce Ministry reportedly hasn’t received Tengzhong’s application to officially bring Hummer home, which has led observers to wonder if there will be a holdup or reversal of the deal. According to a Hummer representative, however, Tengzhong had to finalize the deal with GM before it could present it for approval to the Chinese authorities:

The closing of the transaction is subject to customary closing conditions and regulatory approvals and/or review by agencies in China and the U.S. Tengzhong has started communicating with the relevant regulatory bodies and will continue to support the application process in accordance with the requirements. Formal engagement was only able to begin with the signing of the definitive agreement.

If all goes well, Tengzhong hopes to have the deal closed by early 2010.

[Source: Automotive News, sub. req'd.]

Recork the Champagne? China says Hummer paperwork not submitted yet originally appeared on Autoblog on Mon, 12 Oct 2009 16:29:00 EST. Please see our terms for use of feeds.

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Recork the Champagne? China says Hummer paperwork not submitted yet

Filed under: SUV, Government/Legal, GM, Hummer, Off-Road

General Motors has reached an agreement to offload Hummer onto China’s Sichuan Tengzhong Heavy Industrial Machinery, with Tengzhong taking an 80 percent stake and a private investor consuming the rest.

Details on the deal (available in the press release after the jump) include Hummer contacting vehicle manufacturing from GM, with the General’s Shrevport and Mishawaka plants continuing to produce vehicles through June of 2011, with a possible extension until 2012. A recent report says the sale will net GM around $150 million, although the transaction still has to be approved by both U.S. and Chinese regulatory agencies, which could come later this year or in early 2010.

Tengzhong, which only produces commercial trucks and industrial equipment, has never entered into consumer vehicles before, but according to Yang Yi, chief executive officer of Tengzhong. “We are excited about some of the initiatives already underway at HUMMER that we believe our investment will be able to accelerate, particularly related to the creation of the next generation of more fuel-efficient vehicles to meet not only future regulations but also customer expectations.”

[Source: GM | Photo by Scott Olson/Getty]

Continue reading BREAKING: GM officially sells Hummer to China’s Sichuan Tengzhong

BREAKING: GM officially sells Hummer to China’s Sichuan Tengzhong originally appeared on Autoblog on Fri, 09 Oct 2009 13:13:00 EST. Please see our terms for use of feeds.

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BREAKING: GM officially sells Hummer to China’s Sichuan Tengzhong

Filed under: SUV, Government/Legal, Hummer, Earnings/Financials

Not so many years ago, Hummer appeared to be one of General Motors’ most potentially lucrative brands. Now, the fallen brand looks poised to fall into the hands of the Chinese very soon. Bloomberg is reporting that a deal to sell Hummer could be finalized in the coming days as Sichuan Tengzhong Heavy Industrial Machinery Co. hammers out a purchase price. During its bankruptcy proceedings, GM estimated the Hummer brand to be worth $500 million, but last week’s collapse of the Saturn deal with Roger Penske appears to have made the Detroit automaker ready to accept whatever it can get. The final tab paid by Sichuan Tengzhong could be as low as $150 million.

The Chinese government has thus far been reluctant to approve Sichuan Tengzhong’s move for Hummer, in part because of the brand’s image as a gas guzzler. The hope is that once a purchase agreement is complete, the regulators will allow it to move forward. For its part, GM likely just wants the deal done and some extra cash in its coffers so it can move on with its streamlining efforts plans.

[Source: Bloomberg]

REPORT: GM close to offloading Hummer for as little as $150 million originally appeared on Autoblog on Fri, 09 Oct 2009 10:30:00 EST. Please see our terms for use of feeds.

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REPORT: GM close to offloading Hummer for as little as $150 million