Valley Cadillac HUMMER

Scheduled for sometime in August, the event will include the usual off roading, camaraderie, food, fun and the occasional stuck truck. Stay tuned for more information as it becomes available.

For more information, call or visit us today at:

Valley Cadillac HUMMER
3100 Winton Road South
Rochester, New York 14623
585-427-8400
www.valleycadillachummer.com

- April 08, 2010

Utah-Based Raser Technologies plan to make the SUV specialist “green” reportedly denied by GM.

Raser Technologies is a Utah-based engineering firm that has produced electric-conversion 2009 HUMMER H3 prototypes. According to sources, Raser made an offer for HUMMER but was denied in favor of the eventual bid by Chinese truckmaker Sichuan Tengzhong–a bid that eventually failed due to lack of financing and possibly, pressure from the Chinese government.

The same sources indicate Raser bid again in a second round after Tengzhong’s offer fell apart. Raser is said to have met nearly all the conditions for a HUMMER acquisition that were laid out for potential bidders. While a final offer price has not been confirmed, the Tengzhong bid topped $150 million, and any subsequent offer would likely have been worth far less.

After a potential takeover of the brand from GM, Raser’s plan would have been to turn HUMMER into a “green” brand. According to the company’s Web site, Raser’s main focus is on geothermal energy, but the company has also developed its own extended-range plug-in hybrid technology that could be beneficial–or a direct competitor–to General Motors’ own patents for “E-REV” hybrids like the upcoming Chevrolet Volt.

Last year, Raser showed its technology in a HUMMER H3 at the 2009 SAE Congress, and later shipped the test vehicle to Sacramento for a test drive by California Governor Arnold Schwarzenegger, one of the recurring characters in the HUMMER story since the brand was created with GM buying the name rights from military supplier AM General.

The Raser plug-in HUMMER H3 offers performance specs that sound similar to those of the Volt–with 40 miles of battery-only operation possible, and a 400-mile driving range in all, with 100-mpg-plus fuel economy possible according to Raser’s estimates.

GM said earlier this week it would proceed with a HUMMER shutdown, but as its recent experience with Saab would indicate, there remains a chance HUMMER could be sold.

GM said last year it would shut down the HUMMER brand as a coda to its bankruptcy filing. While it closed Pontiac on its own, it attempted to sell three other brands to recover some of its huge investments. HUMMER has been one of those brands; after lengthy negotiations with Koenigsegg, GM sold the Saab brand to Victor Muller’s Spyker, after he met conditions for a $500 million loan from the European Union. The final orphan brand, Saturn, nearly was sold to Penske Automotive Group, but in the final negotiations Penske declined to complete the deal after it failed to line up a source for new vehicles for the never-profitable brand.

Spokesmen for Raser and HUMMER would not comment on the record.

TheCarConnection’s sources also indicate that to their knowledge, India’s Mahindra group, which is preparing to sell its compact trucks in the U.S. and has long been suggested as an ideal suitor for HUMMER, never has expressed interest in acquiring the brand.

                                                                                                                Fast Facts

HUMMER’s mission is to design and build unique premium all-terrain vehicles that give consumers iconic styling and unparalleled capabilities.  This means the best blend in performance, off-road capability, safety and fuel economy.

CORPORATE

General Motors and Sichuan Tengzhong Heavy Industry Machinery (Tengzhong) have entered into a definitive agreement for Tengzhong to acquire HUMMER, the U.S. premium all-terrain vehicle brand.

·         The brand transaction remains on track for conclusion in early 2010.

·         The sale of HUMMER will preserve more than 3,000 US jobs.

·         HUMMER will remain a US-based premium all-terrain brand after the company’s sale.  Manufacturing will remain in the US, with the global headquarters located in Southeast Michigan.

VEHICLE FUEL ECONOMY/ENVIRONMENT

HUMMER vehicles offer fuel economy equal to- or better than comparable trucks and SUVs.  

HUMMER is the first automaker to offer a biofuel capable powertrain in every model.

·         2009 H2/H2 SUT 6.2L FlexFuel V8

·         2010 H3 and H3T Alpha 5.3L FlexFuel V8

WARRANTY

HUMMER offers a comprehensive 4-year/50,000 mile bumper-to-bumper warranty and 5-year/100,000 mile powertrain warranty, backed by GM.

CAPABILITY

HUMMER vehicles offer the best combination of off-road capability and on-road premium performance.

·         Every HUMMER model features all-time 4wd and a two-speed transfer case, providing surefooted transportation in all weather and all terrain.

·         The H2 features a standard rear locking differential

·         The H3 Adventure features an aggressive 4:1 transfer case, 33-inch tires and the only available front- and rear-locking differential in its class.

AWARDS

The HUMMER H3T Alpha was recognized for Off-Road Ability in Popular Mechanics Automotive Excellence Award and was a Pick-up Truck of the Year by Four Wheeler Magazine.

The H3 Alpha was named a Four Wheeler of the Year by Four Wheeler Magazine and Best in Class Hardcore 4×4 by Truck Trend. 

The H3 Alpha was the first stock class vehicle to finish the 2007 - 2009 Baja 1000, beating Dodge Rams, Ford F-150s, F-150 Raptor-R and other stock vehicles.

“While the transaction approval process is not proceeding as quickly as originally forecasted, we’re optimistic about the progress that has occurred to date,” Jim Taylor, Hummer’s chief executive officer, said in an e-mailed statement. “There are more than 3,000 people directly employed in the design, build and sale of Hummer vehicles. As such, we are committed to giving the sale every reasonable opportunity toward a successful conclusion.”

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