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GM Officially Announces Pontiac's Death, Saab, Hummer and Saturn to be Gone by 2009

This is the end of the road for Pontiac as General Motors confirmed earlier media reports by officially announcing on Monday the death of the 83-year-old marque that will be phased out by the end of 2010. As part of its revised "Viability Plan" that accelerates the timeline for a number of important actions, GM said that it will speed up "the resolution of Saab, Saturn, and Hummer to the end of 2009, at the latest." The General will focus on four core brands in the U.S., Chevrolet, Cadillac, Buick and GMC, offering a total of 34 nameplates in 2010 compared to 48 in 2008, a reduction of 29 percent. "We are taking tough but necessary actions that are critical to GM's long-term viability," said Fritz Henderson, GM president and CEO. "Our responsibility is clear - to secure GM's future - and we intend to succeed. At the same time, we also understand the impact these actions will have on our employees, dealers, unions, suppliers, shareholders, bondholders, and communities, and we will do whatever we can to mitigate the effects on the extended GM team."
Other significant changes in GM's updated "Viability Plan" include the accelerated idling and closures of powertrain, stamping, and assembly plants while the firm will almost cut its U.S. dealer count in half, from 6,246 in 2008 to 3,605 by the end of 2010. This is a further reduction of 500 dealers, and four years sooner, than the previous plan submitted to the U.S. Treasury on February 17.
And how will all these measures affect U.S. workers? According to GM, the updated plan will see an additional reduction of 7,000 to 8,000 hourly employees. Overall, U.S. hourly employment levels are projected to be reduced from about 61,000 in 2008 to 40,000 in 2010, a 34 percent reduction, and level off at about 38,000 starting in 2011.

Cadillac, Hummer and Saab Chief Mark McNabb Resigns from General Motors

After being at the helm of GM's premium Cadillac, Hummer and Saab brands for just over a year during which time the automaker took the decision to sell two of the three brands, Mark McNabb decided to jump ship resign from his position. The 48-year-old Vice President will be replaced on June 1st on a temporary basis by Stephen J. Hill, general sales manager of the autmoaker's premium channel since 2008. "He elected to pursue other career opportunities," said Cadillac spokesman Klaus-Peter Martin. "A big part had to do with he wanted to be closer to his family in New Jersey," he added.
Before joining the ranks of General Motors, McNabb served as senior vice president of sales and marketing at Nissan North America Inc.

Via: Detnews

GM Finds a Buyer for HUMMER, Deal Could Save 3,000 Jobs

So what do you do when you're in the bizarre position of being a Ford nut that wants a Hummer but doesn't have enough money to buy one? Well, while most people would just forget about it, FullSizeBronco (FSB) forum member Francois (aka H150) decided to take matters in his own hands -literally- and build a full-size replica of the Hummer H1 using bits and pieces from various Ford models including the frame of a 1987 F150 4x4, the rear axle from a 1991 E250 van and a 7.3-liter Powerstroke diesel engine from a shuttle van.
And mind you, this handyman didn't choose the easy way out by using a fibreglass kit. Instead he painstakingly fabricated the Hummer body out of steel. Five years later and he has almost reached the end of this amazing journey as there are only a few pesky details left to finish up the project that has been baptized for apparent reasons, Hummer H150. Kudos to you sir, you definitely deserve it!
Source: FBS , Via: Jalopnik

GM Officially Confirms China's Sichuan Tengzhong as HUMMER's Buyer

And the impending buyer of General Motor's Hummer division is... China's Sichuan Tengzhong Heavy Industrial Machinery Co. LTD. Sorry, never heard of them and chances are that 99.99% of those reading this post haven't either. But if you must know, GM said that Tengzhong, which is based in the Chinese province of Sichuan, is a "privately-owned company and a leading domestic manufacturer of road, construction and energy industry equipment." In an earlier statement today, GM said that the sale is expected to close by the end of third quarter of 2009 and that it will secure more than 3,000 US jobs.
"The HUMMER brand is synonymous with adventure, freedom and exhilaration, and we plan to continue that heritage by investing in the business, allowing HUMMER to innovate and grow in exciting new ways under the leadership and continuity of its current management team," said Yang Yi, CEO of Tengzhong. "We will be investing in the HUMMER brand and its research and development capabilities, which will allow HUMMER to better meet demand for new products such as more fuel-efficient vehicles in the U.S."
HUMMER's chief James Taylor said, "With Tengzhong's investment and strong support, we will be able to make our visions a reality. This transaction, if successful, will secure more than 3,000 U.S. jobs, and allow us to embark on a more aggressive global expansion, ensuring a successful future with our new partners."
So that you know let us ask you: If the deal is sealed, what do you think that the future holds for a Chinese-owned HUMMER and its U.S. based employees?

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