General Motors kills off Hummer (Again)

Automotive News reports that General Motors has killed off Hummer for good. It was previously reported that the sale deadline had been extended until May 1st, but GM seems to have lost its patience and begun an early wind down.

The news was announced to dealers during a conference call. GM says that they are winding it down because they were unable to find a viable buyer. With Hummer being wound down, Hummer CEO Jim Taylor has retired, effective immediately.

To clear the last 2,200 Hummers, incentives will be offered to customers. Buyers can get 0 percent financing for 72 months, or receive a cash discount: $4,000 off the 2010 H3s and H3Ts, $5,000 off 2009 H3Ts and $6,000 on 2009 H2s or H3s. All 153 US dealers have signed wind down agreements, effective now, which will give them settlement money.

Source: Automotive News – sub. req.

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