General Motors has announced that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the acquisition of HUMMER. As a result, HUMMER will begin to wind-down operations as GM prepares to close the division.
“One year ago, General Motors announced that we were going to divest HUMMER, as part of focusing our efforts on Chevrolet, Buick, GMC and Cadillac going forward. We have since considered a number of possibilities for HUMMER along the way, and we are disappointed that the deal with Tengzhong could not be completed," said John Smith GM vice president of corporate planning and alliances. "GM will now work closely with HUMMER employees, dealers and suppliers to wind down the business in an orderly and responsible manner."
GM acquired the marketing rights to HUMMER from AM General, makers of the military HUMVEE, in 1999. In January 2000, a concept HUMMER was introduced at the North American International Auto Show in Detroit. That concept became the H2 which began sales in the summer of 2002 alongside the HUMVEE-based H1 through a nationwide network of HUMMER dealerships. GM later added additional HUMMER models including the H2 SUT, H3 and H3T. GM discontinued the H1 after the 2006 model year.
GM will continue to honor HUMMER warranties, while providing service support and spare parts to current HUMMER owners around the world. Love Chevrolet-HUMMER on Harbison Way is the only HUMMER dealership in the Columbia area. Summerville is home to only other HUMMER dealership in South Carolina.
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