Although it was reported earlier this summer that China’s Changfeng Motors was not interested in acquiring General Motors’ Hummer brand, a new report indicates the Chinese company could be back in the running for at least a partial stake in the iconic off-road brand.
According to Gasgoo, Changfeng is currently in talks with Indiana’s AM General about the joint purchase of the Hummer brand. AM General was the original owner of the Hummer brand, selling the rights to the division to General Motors in 1999. AM General currently produces the H2 for GM.
“We never quit talks on acquiring the brand,” Zhengchu Chen, general manager of Cheangfeng, told China’s Jinghua newspaper. “But now instead of doing it alone, we decide to form partnership with AM General to reduce risk as the global economy falters.”
Nothing has been finalized between the two sides as of yet, but the joint venture would see future Hummer vehicles produced in the United States, with a heavy focus on the local market. GM is looking to quickly free up some extra capital to avoid bankruptcy within the next few months, so we wouldn’t be surprised to hear something more concrete on the sale of Hummer in the coming weeks.
12/16, 1:16 PM
posted by:
A4
oh wow i didnt know AM General had anything to do with Hummer anymore
12/16, 1:20 PM
posted by:
inline6
AM General owns the Hummer H1, and it builds the H2. The only thing GM has is the marketing/distribution rights, and the rights to the H3.
12/16, 1:41 PM
posted by:
Mutant@DCX
Nothing wrong with gettn a good hummer now and then.
12/16, 3:17 PM
posted by:
howsmydriving
My guess? For over 90% who own.a Hummer, it’s just conspicuous consumption. Here on the Left Coast, Hummers go well with gold chains, gold teeth and rap music being played at 90 dbl. I’d love to see this symbol of military madness and all that went wrong with the American public’s motoring preferences die an ignominious death, but apparently it will live on…..