• doverpro Posted: 4/15/2010 7:51am PDT

    I would not put too much faith in raser saving the Hummer.
    They projected to have 116MW of geothermal power placed in service in 2009. They further projected to have 245MW in place in 2010.
    At best they had about 1-1.5mw net in place at the end of 2009. The best they could possibly hope for in 2010 would be 10MW. Currently they are about 2-2.5MW. (tough to say exactly where they are on net production, they are kind of mum on that issue) They are coming in at about 1/100 of what they projected. Is this really the type of performance you want from a company you expect to help save the Hummer?. If Raser did approach GM with a buyout plan, is there any wonder GM didn't take them too serious?

  • Fred Bryant Posted: 4/15/2010 5:45am PDT

    Marty, not for sure that I see another step for Raser to take concerning the acquisition of the Hummer brand. My belief is they have a plan "B" in place and will persue it. The probability now is that these 3000 lost jobs will now go to a foreign manfuacture.

  • java Junkie Posted: 4/14/2010 10:01am PDT

    Hummer is a great vehicle but not sure if I would buy an electric version.

  • marty avatar Marty Posted: 4/14/2010 9:03am PDT

    Doverpro, I'd be interested in hearing what you have to say--since you seem to have some insight into whether Raser is legitimate or not. You can reach us here via my profile.

  • marty avatar Marty Posted: 4/14/2010 8:59am PDT

    Bob is right - we say "GM" but HUMMER is a part of the "old GM" set for sale or shutdown, reclaiming any money possible to put against those old bailout debts.
    As for Raser, they're attempting to pull together investment money from a variety of sources--stimulus plans, local tax credits. We've seen Tesla and Fisker do the same--and they haven't been shamed.
    The question GM won't answer for us, despite repeated contacts, is, why was Tengzhong's bid superior to this bid, and what about the Raser bid is so dicey that it prohibits them getting a chance at HUMMER?

  • Navcat Posted: 4/14/2010 8:42am PDT

    GM says it will shut down the brand, rather than sell to Raser.
    WHY? Eh, I see this is being addressed. I'll watch for more.

  • doverpro Posted: 4/14/2010 7:26am PDT

    Raser doesn't have the ability to buy the hummer division. They are not a legitimate suitor. Does your source work for raser, or perhaps the PR firm representing raser?

  • Fred Bryant Posted: 4/14/2010 7:08am PDT

    My belief is that GM is afraid of the technology that Razor will bring to the market inside of the Hummer. Hopefully our politicians, and the AFL-CIO will push to keep Hummer alive

  • Bob Johnson Posted: 4/14/2010 5:06am PDT

    I work at the Shreveport Hummer factory. Hummer and the associated factory do not belong to GM. They belong to Motors Liquidating Company.

  • Ensenada Office Posted: 4/13/2010 9:10pm PDT

    HUMMER is a brand deliberately designed to alienate and intimidate. Most people feel subconsciously threatened around its products. So this brand, mostly driven by dickheads behaving aggressively, which stands for wasting gasoline and rampaging all over whatever it wants ... is going to be GREEN?
    Oh, puh-LEEEZE. Why not just reincarnate Saddam Hussein as Mother Teresa instead? It'd be easier, it'd cost less, and it'd have more chance of success. Get it through your football-addled little heads, kids: HUMMER is just sooooooooo 2000. Remember, GWB days an' all?
    As an owner of GM, unwillingly, given the bailout, I want the distraction and wrongheaded thinking that is HUMMER *euthanized*. And, I bet, so does GM.
    Which means they're FINALLY thinking straight.

  • Allan Posted: 4/13/2010 8:48pm PDT

    This makes sense. A lot of sense.

  • TonYon Posted: 4/13/2010 8:41pm PDT

    This is such a shame. They got offer from USA company capable to make HUMMER green and they are rejecting them. Do they have any consciousness? Where is their moral? They are taking a bread from 3000 people making them unemplyed. GM management cannot make that kind of decisions. They are not owners of the company. The people – regular folks who payed for their existence have something to say. They are giving themselves the power they do not have and they do not deserve.

  • catahoula lady Posted: 4/13/2010 5:56pm PDT

    you'll can't be serious- have a look at Raser - they are sinking fast under loads of debt - they've been paying their debts with shares of stock for months - and price is sinking like a stone. They are far less able to manage a business than GM even - LOL! where do you get these wild rumors anyway?

  • Reece Posted: 4/13/2010 4:52pm PDT

    It may be that GM is keeping these brands on ice for moment and if they recover to resurrect as specialists products. It makes little sense to keep alive as a brand in its own but no reason they couldn't do one off Hummers and sell through GMC

  • Limousine Liberal Posted: 4/13/2010 4:00pm PDT

    so hard to know what the details are re GM's ongoing obligations in any deal. as they are certainly interested in doing what's best for their company/shareholders, assume they'd "sell" the brand if it was a better deal than shutting it down. just not sure this one is that cut and dry.

  • charlie yankos Posted: 4/13/2010 3:31pm PDT

    DUDE- now this is a car worth having, a hummer that does not require Gas??? LOVE IT!!!

  • Damien Thomas Posted: 4/13/2010 3:17pm PDT

    Hey, if it keeps the brand alive I say go for it.

  • Go American Posted: 4/13/2010 3:17pm PDT

    GM's choice to shutdown Hummer in favor of a sale to Raser is the same old GM thinking that ran them into bankruptcy. The Hummer brand is very strong except for the image of a gas hog. This is a great fit. It appears from GM efforts to sell to the Chinese or shut it down that they are anti-American and anti-American jobs.

  • Skip Posted: 4/13/2010 2:44pm PDT

    Ironic yes, but I'd line up for an electric Hummer

  • Skip Posted: 4/13/2010 2:43pm PDT

    I hope this Raser deal goes through! I'd line up for an electric Hummer

  • ehy Posted: 4/13/2010 2:06pm PDT

    An Electric Hummer, its funny even to put in the same sentence.