GM to Revive Hummer nameplate with electric bakkies - report
WASHINGTON - General Motors will revive the Hummer name to sell a new family of electric pickup trucks and SUVs, and it will tout the return with a Super Bowl ad featuring NBA star LeBron James, two people briefed on the matter said on Friday.
The vehicles will be sold under the GMC nameplate. Reuters reported in October that GM planned to build a new family of premium electric pickup trucks at its Detroit-Hamtramck plant beginning in late 2021 and was considering reviving the Hummer name, citing several people familiar with the plans.
The Wall Street Journal reported GM's decision to move forward earlier on Friday. GM declined to comment.
The investment moves the carmaker into a part of the EV market that is largely untested and where GM has a higher likelihood of turning a profit, analysts said.
Reuters reported that GM plans to first build EV pickups in late 2021 and then an electric SUV in 2023.
It's highly unlikely that the new Hummer vehicles would make their way to South Africa, however, as GM recently divested from our market.
Tesla CEO Elon Musk in November unveiled an electric pickup called "Cybertruck" it plans to build starting in late 2021.
Rivian, a start-up electric company backed by Amazon.com, will begin building 100 000 electric delivery vans for Amazon starting in 2021.
Hummers were rugged civilian utility vehicles with poor fuel efficiency. They were inspired by military vehicles and were popular with such celebrities as actor Arnold Schwarzenegger but derided by environmentalists as gas-guzzlers. GM shut down its Hummer brand after a deal to sell the SUV-line to an obscure Chinese machinery maker was blocked by Chinese regulators in 2010.
Michael Harley, executive editor for Kelley Blue Book, noted "the original Hummer was ostracized out of showrooms for being heavy and ponderous with an insatiable appetite for gasoline. An all-electric powertrain essentially exonerates the truck on all charges."
Electric pickups and SUVs - the heart of the US market - could help Ford and GM generate significant sales of EVs needed to meet tougher California emission standards and electric vehicle mandates.
The Trump administration is moving to roll back those standards – and eliminate extra credits that automakers receive from EV sales but electric trucks are a hedge if California prevails.Reuters