Hummer Guy Hummer News and Opinion from an experienced off-road instructor
Curious what Raser Technologies may have had in mind for the HUMMER brand and how the vehicles may perform off-road? Check out this video from the 2010 Easter Jeep Safari Run when the crew from Raser took out their 100 MPG electric H3 with virtually zero emissions out on the rocks.
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Great Job Brian. This site has some kind of news almost everyday. Me likey!
It’s unfreaken believable that GM passed up a chance to offer an electric Hummer!!! >:(
Seriously, what is GM thinking? They could apply that across the board. Starting off with HUMMER could be a huge marketing tool. There is a reason GM choose to take gov’t handouts.
i have lost total faith in gm and will never own another one of their products! government motors what a joke!
GOES BACK TO WHAT I WAS SAYING ABOUT GM NOT SELLING HUMMER. THEY CAN’T AFFORD THE COMPETION. THEY HAVE NOTHING TO COMPETE WITH THAT KIND OF PERFORMANCE. IT IS SAD TO SAY BUT THEY DON’T WANT IT (HUMMER) AND THEY DON’T WANT ANYONE(RASER)ELSE TO HAVE IT EITHER.
Sad to see what could have been…
Way to go RASER!!! It dosen’t have the roar of the engine that fires you up, but it dose what you want.
GM not the right company for Hummer. They don’t understand Hummer owners needs and could not market Hummer as such.
GM & the unions will go down the toilet no matter what Obamalama does.
I’d love to see Raser technology in an HX. I’d roll up along side a Prius and flip him/her off and call them a gas-guzzler. Imagine the butthurt. LOL!!
@DRTYFN
LOL! @ the Prius thing.
Hahah!
@Admin
Did you see that Raser gave GM a second offer?
GM paying back loans today.
ANY NEWS???
^
x2
Saab just opened their U.S. Headquarters, I wish HUMMER would get some good news.
@Vince
X2
got my letter from Hummer today. Guess it’s really over. I hate GM! for not giving Hummer a second chance. I’m sure their is a do-able deal. They (GM) just really doesn’t want to do it.
How does GM get away with not selling Hummer when the story below breaks. GM did not pay back any money to tax payers. They used money they got to pay back. GM NEEDS TO SELL HUMMER TO PAY US BACK!!! SOMEONE CALL OBAMA!!!!!!
Senator: GM repaid federal loan with federal money
Neil Roland
Automotive News — April 22, 2010 – 4:29 pm ET
Grassley: “The taxpayers are still on the hook.”
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WASHINGTON — General Motors Co. repaid its $4.7 billion federal loan this week with other U.S. funds, creating nothing more than a “money shuffle,” a Republican senator said today.
Sen. Charles Grassley of Iowa, the senior Republican on the Finance Committee, cited an auditor’s report that GM repayments were coming from U.S. Troubled Asset Relief Program funds in an escrow account, rather than from GM earnings. The U.S. Treasury and GM disputed aspects of Grassley’s claim.
“It is unclear how GM and the administration could have accurately announced yesterday that GM repaid its TARP loans in any meaningful way,” Grassley said in a letter to Treasury Secretary Timothy Geithner. “The taxpayers are still on the hook, and whether TARP funds are ultimately recovered depends entirely on the government’s ability to sell GM stock in the future.”
Less than a year after filing for bankruptcy, GM yesterday paid off the last $4.7 billion in U.S. loans and $1.1 billion in Canadian loans.
GM received a total of about $50 billion of U.S. assistance in its bailout, much of which was converted into stock. The U.S. Treasury Department holds 61 percent of the common stock of the automaker.
The company is preparing for an initial public offering that would let the U.S. government reduce its stake.
Treasury said today that GM repaid its loan from its own cash account that was part of the government’s overall investment.
“This account was expected to be used for extraordinary expenses, and the fact that GM has decided that it does not need to reserve these funds for expenses is a positive sign for our overall investment,” Treasury spokeswoman Meg Reilly said.
GM repaid the loans ahead of its June 30 deadline, she said.
GM spokesman Greg Martin deferred to Treasury’s response. He said that the company decided to repay the loan early “because we believe we have a sufficient cash balance and it’s important for the company to pay back its debts as soon as possible.”
The audit cited by Grassley was reported to Congress this week by the TARP inspector general, Neil Barofsky.
The source of funds for GM’s loan repayments “will be other TARP funds currently held in an escrow account,” the Tuesday, April 20, audit report said.
The audit cited GM’s own filing with the government in November
Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20100422/OEM/100429927/1216#ixzz0lrt21p4c
@Bobby Jones
You are 100% right.