Dealers Hummer Sale 
Green Car Congress
OCTOBER 9, 2009
Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake. It will also assume the existing dealer agreements relating to HUMMER’s dealership network.
Green Car Congress
JUNE 2, 2009
confirmed that the China-based industrial machinery group will acquire the rights to the premium off-road HUMMER brand, along with the existing senior management and operational team. GM had earlier announced the signing of a memorandum of understanding on the sale, without identifying the prospective buyer. Earlier post.).
Green Car Congress
MAY 15, 2009
GM began contacting its dealers today regarding its long term planning, and is advising approximately 1,100 “ underperforming and very small sales volume US dealers ” that GM does not see them as part of its dealer network on a long-term basis. The actual number of dealers could vary given levels of attrition, etc.
Green Car Reports
MAY 20, 2020
Beyond a no-cameras showing in early March to analysts, dealers, and invited press, General Motors still hasn’t provided a first look at its next-generation electric vehicles—including the GMC Hummer EV and Cadillac Lyriq that are both due to go on sale before the end of 2021.
Teslarati
FEBRUARY 5, 2025
Ford’s electric vehicle program saw notable progress in January 2025, with the company’s overall EV sales seeing a 21.2% But while the Ford Mustang Mach-E saw an increase in sales, the Ford F-150 Lightning experienced the opposite. year-over-year rise. That’s equivalent to a 21.2% year-over-year increase.
Green Car Congress
APRIL 27, 2009
General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles. Fritz Henderson.
Green Car Congress
AUGUST 4, 2009
Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% Passenger car sales dropped 10.6% to 554, 527 units, while light truck sales dropped 14.1% Hybrids had an especially good month, with reported sales jumping 31.8% Click to enlarge.
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