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Marty Padgett
Marty Padgett
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Marty Padgett is High Gear Media's Editorial Director, overseeing the words that skim across High Gear Media's portfolio of automotive destinations...
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Electric 2009 HUMMER H3 by Raser Technologies and FEV
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Raser Technologies remains interested in acquiring GM's HUMMER brand--and plans a new model range including extended-range electric HUMMER H3 models as well as a new compact H5 off-roader if it convinces the automaker to sell it the brand and associated factories and contracts for manufacturing.
GM has said it plans to shut down HUMMER after Chinese truck maker Sichuan Tengzhong's bid was terminated earlier this year by the American automaker.Last week, The Car Connection reported that Raser had twice bid for HUMMER's assets, before Tengzhong's bid was accepted and then terminated. Utah-based Raser, which has developed a plug-in hybrid HUMMER H3 test-driven by enthusiast owner and California Governor Arnold Schwarzenegger, submitted a second bid after Tengzhong failed.
GM says it will shut down the brand, rather than sell to Raser.GM did not respond to The Car Connection's request for more information, but last week it suggested to The Atlantic that it had concerns over Raser's ability to service warranty claims. No specifics on how Tengzhong, which has no experience in the American car market, would do the same, have been offered.
A source tells The Car Connection that the Raser plan for HUMMER would involve three key products:
- The existing HUMMER H3, which would be adapted with Raser's own plug-in hybrid system, for sale by 2013. The Raser system bears some passing resemblance to GM's own Voltec power train set to debut in the 2011 Chevrolet Volt, using a small four-cylinder engine to recharge lithium-ion batteries;
- The existing HUMMER H2, which would carry over for a short time as Raser retools to build a new range of "green" HUMMERS;
- And a new compact H5 sport-utility vehicle which would also sport extended-range, plug-in hybrid technology at a future date.
The Raser bid centers around the transformation of HUMMER into a symbol of American renewal--exchanging HUMMER's environmentally unfriendly image for one bound up in hybrids and electric vehicles. Sources suggest the Raser HUMMER H3 could achieve a highway fuel economy rating up more than 32 mpg, with technology proven production-ready by a range of manufacturers.
Have an opinion?
ehy Posted: 4/13/2010 2:06pm PDT
Skip Posted: 4/13/2010 2:43pm PDT
Skip Posted: 4/13/2010 2:44pm PDT
Go American Posted: 4/13/2010 3:17pm PDT
Damien Thomas Posted: 4/13/2010 3:17pm PDT
charlie yankos Posted: 4/13/2010 3:31pm PDT
Limousine Liberal Posted: 4/13/2010 4:00pm PDT
Reece Posted: 4/13/2010 4:52pm PDT
catahoula lady Posted: 4/13/2010 5:56pm PDT
TonYon Posted: 4/13/2010 8:41pm PDT
Allan Posted: 4/13/2010 8:48pm PDT
Ensenada Office Posted: 4/13/2010 9:10pm PDT
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.
Bob Johnson Posted: 4/14/2010 5:06am PDT
Fred Bryant Posted: 4/14/2010 7:08am PDT
doverpro Posted: 4/14/2010 7:26am PDT
Navcat Posted: 4/14/2010 8:42am PDT
WHY? Eh, I see this is being addressed. I'll watch for more.
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?
java Junkie Posted: 4/14/2010 10:01am PDT
Fred Bryant Posted: 4/15/2010 5:45am PDT
doverpro Posted: 4/15/2010 7:51am PDT
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?
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