GM announces Hummer closing and huge rebates on remaining vehicles. Wednesday, General Motors announced that they will no longer make the Hummer SUV and they are offering deed discounts on the last 2,200 Hummer’s they have in stock. GM has mentioned several times they plan to discontinue the Hummer brand, but made the official announcement today.
Hummer's are a large SUV that was originally based on the Humvee for the military. Hummer’s are one of the most expensive vehicles when it comes to gas and mileage, and the sluggish economy has slowed sales as a result. GM only sold 9,046 Hummers in 2009, down from 71,000 in 2006.
After Saturn, and Pontiac, the Hummer is the third GM brand to close in the last year which is part of GM’s bankruptcy re-organization.
The Hummer division of GM has approximately 3,000 US factory jobs that will be lost as a result of the closure. Hummer has 370 dealers around the world and 153 in the US. Salt Lake City, Utah has a Hummer dealership off I-15.
GM announced that Hummer buyers can get (according to CNN Money):
$6,000 off the 2009 Hummer H2 full-sized SUV or H3 mid-sized SUV
$5,000 off the 2009 Hummer H3T
$4,000 off the 2010 H3T's
0% financing for six years on all Hummer models is also being offered on approved credit.
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Source: CNN Money
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