No change in Hummer ME operations
Dubai, October 17, 2009
Hummer said it will continue to provide Middle East customers with the best off-road vehicles through its existing network of dealers, along with the region’s best customer care and parts availability.
All current and future Hummer warranties will also continue to be backed and honoured, the company said in a statement.
The confirmation follows the announcement of a definitive agreement for the sale of Hummer reached on October 9 by General Motors and Sichuan Tengzhong, a major Chinese manufacturer of heavy machinery equipment.
The agreement lays out the terms and conditions for the sale of Hummer, and clears the way for the next step of the sale process.
While this is positive news, it does not yet signify that the sale is complete. The transaction is subject to customary closing conditions and regulatory approvals and/or review by government agencies in the US and China, the statement added.
Under the agreement, Hummer will continue to contract vehicle manufacturing, key components and business services from GM for a transitional period.
Hummer will also continue to be managed by its existing leadership team, and dealer networks around the world will remain unchanged, the company said.
In the Middle East, the best-in-class Hummer vehicles include the seven-passenger Hummer H2 and the award-winning midsize Hummer H3 and H3T.-TradeArabia News Service