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Hummer’s Odds Rapidly Fading

Dealers being told to begin shutting down.

by on Apr.09, 2010

Hummer dealers are being told to begin shutting down their operations.

The chances of General Motors finding a buyer for the Hummer brand continue to fade.

GM has quietly told Hummer dealers to wrap up their operations by the end of October and has approved wind-up payments to dealers so they can begin the process of closing their showrooms.

Dealers have been told “their GM Sales and Service Agreement expires Oct. 31,” Hummer spokesman Nick Richards said.

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Hummer’s prospects dimmed dramatically, in February, when efforts to sell the Hummer brand to Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. of China collapsed