Automotive The Racket

They’ve been charged by the FBI for allegedly selling more than 200 Hummers overseas with phony titles and collecting more than $500,000 in unearned incentives from General Motors.

Steve Romshek, a former salesman at the Huber dealership in Omaha (that’s the one that sold the Hummers), has been arrested, while Marilyn Maskill, owner of an Overland Park, Kan., trucking company, hasn’t been arrested yet. According to an Associated Press report, the crafty pair sold the Hummers in 2005 and 2006 to a small broker in Chillicothe, Mo. The Hummers were then resold overseas and exported to Nigeria, Germany, Canada, Japan, just to name a few countries. With the fraudulent titles, they were able to pocket more than $500,000 in unearned incentives from General Motors – and that’s money they shouldn’t have been eligible to collect. In total, the pair is facing 11 counts of wire fraud and one charge of conspiracy. Read the rest of this entry →

Definitely, Hummer has closed. We smelled it and more from the Chinese government approved the purchase of Hummer by Tengzhong Heavy Industrial Machinery worth 150 million dollars.

Today was the deadline, and there are no other offers, Hummer, known for its mammoth models, a symbol of excess and ostentation (pictured, if it was not clear), check your blind. Jim Taylor, CEO of Hummer will have to find another job and dealers will have to purchase the concession for another brand or simply stop selling these tragagasofas if they sell more than one brand. Although the worst part is carried by the 3650 employees of the firm will not know what the future holds.

With this there are now four companies, one way or another, have disappeared from General Motors. Saab has recently been sold to China Geely Group, while the legendary Saturn and Pontiac have suffered the same fate as Hummer.

If you want a Hummer this may be your chance, because GM has about 2,200 units in stock to settle with some juicy discounts like $ 4000 H3 variant 2010, or 5000 of the H3T, 2009 or 6000 of the H2 and H3 also 2009, in addition to finance the vehicle to 72 months without interest. The existing safeguards are respected and a lot of parts.