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Sichuan Tengzhong To Purchase HUMMER From GM

Green Car Congress

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. Tengzhong will also assume existing dealer agreements relating to HUMMER’s dealership network. Sichuan Tengzhong Heavy Industrial Machinery Co.,

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

Cox also found that about 51% of consumers are now considering the purchase of a new or second-hand EV. For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days.

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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

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.

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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

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. billion in 2008 to $23.2

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2021 US EV Sales Scoreboard: RAV4 Prime and Mustang Mach-E Are The Top-Selling Non-Tesla EVs

EV Adoption

In the coming weeks, EVAdoption will release our (for purchase) Q4 and full-year 2021 US EV Sales Report which will include estimated and reported sales for all BEVs and PHEVs with sales in the US in 2021. 4 was only beginning to reach US dealers. For the year the Mach-E outsold the ID.4 4 by 10,398 units.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

Elements of the new plan include: GM will sell or phase out the Hummer brand by 31 March, with a final resolution no later than 2010. GM’s dealer count is also projected to be further reduced, from 6,246 in 2008 to 4,700 by 2012, and to 4,100 by 2014. GM will have a total of 36 nameplates in 2012, down 25% from 2008 levels.

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

GM dealers delivered 189,443 total vehicles in July, a 19.4% Non-core brand sales declined when compared with June as Pontiac dipped 7%; Saturn was down 21%, and HUMMER and Saab declined 26%. Monthly sales of hybrids. Click to enlarge. General Motors. decline year-on-year by volume.