Thursday, June 17, 2010

GM to stop production of Hummers at the end of this week


At the end of this week, the production of Hummers will be halted as General Motors Co. waits for Chinese regulators to approve the brand’s sale to Sichuan Tengzhong Heavy Industrial Machinery Co.

Hummer spokesman Nick Richards said that as soon as the acquisition deal is completed, the output of Hummer H3 and H3T models at GM’s Shreveport, La., plant will resume. Richards did not say what issues remain that the Chinese government wants resolved. However, Richards confirmed that the US government has approved all regulatory issues. Under the deal, Shreveport will continue producing the models for Sichuan Tengzhong through 2011, with an option to extend the sourcing through 2012. It’s expected that the Chinese buyers are scheduled to obtain an additional diesel version of the H3 from Shreveport in 2011 for global export markets, including China. The line is currently sold in 37 countries.

No comments:

Post a Comment