Hummer Global Debut

[alarmguy]

Will they sell any? And if they do, what's the margin?
They should have made a 1/2 ton PU and/or SUV.

I just don't get it.

GM stopped taking orders as they cant keep up.
They currently have reservations for 90,000 Hummers which is 45,000 pick up style and 45,000 SUV style.
Its just a matter of time for all brands of EVs, ramp up times, well, they take time, we will not be having this problem in two years and its a good problem to have.

https://www.thestreet.com/investing/gm-pulls-plug-on-hummer-ev-reservations-amid-surging-demand
I honestly dont think the public will care about speed times in any of these EVs, just as they dont care about speed times in ICE vehicles.
The only ones that do are the early adopter and hobbyist types, general public? Na, driving down that street in a 100k big bad Hummer will be all the statement that is required.

 

[Vercingetorix]

https://www.armstrongvw.com/used/GMC/2022-GMC-HUMMER+EV-b960f27c0a0e0a9a6a55fc1377d0ad52.htm

 

[ZeeOSix]

https://www.armstrongvw.com/used/GMC/2022-GMC-HUMMER+EV-b960f27c0a0e0a9a6a55fc1377d0ad52.htm

$199,990 ...

 

[JeffKeryk]

GM stopped taking orders as they cant keep up.
They currently have reservations for 90,000 Hummers which is 45,000 pick up style and 45,000 SUV style.
Its just a matter of time for all brands of EVs, ramp up times, well, they take time, we will not be having this problem in two years and its a good problem to have.

https://www.thestreet.com/investing/gm-pulls-plug-on-hummer-ev-reservations-amid-surging-demand
I honestly dont think the public will care about speed times in any of these EVs, just as they dont care about speed times in ICE vehicles.
The only ones that do are the early adopter and hobbyist types, general public? Na, driving down that street in a 100k big bad Hummer will be all the statement that is required.

My point is, what good are Hummers? My ex-next door neighbor had 2 of 'em. Neither fit in the garage. One for him and one for his wife. Do you think either one ever did any work? Nope; he was not a guy to get his hands dirty and she was just a money spender.

How many EV Hummers has GM delivered, by the way? Isn't is about 400? Not sure. If GM keeps running their business like this, watch out...

 

[alarmguy]

My point is, what good are Hummers? My ex-next door neighbor had 2 of 'em. Neither fit in the garage. One for him and one for his wife. Do you think either one ever did any work? Nope; he was not a guy to get his hands dirty and she was just a money spender.

How many EV Hummers has GM delivered, by the way? Isn't is about 400? Not sure. If GM keeps running their business like this, watch out...

Hummers are as good as the satisfaction it brings to the buyer, just like any vehicle or product for that matter. I mean, that is what doing business is all about.

 

[ZeeOSix]

My point is, what good are Hummers? My ex-next door neighbor had 2 of 'em. Neither fit in the garage. One for him and one for his wife. Do you think either one ever did any work? Nope; he was not a guy to get his hands dirty and she was just a money spender.

Status symbol.

 

[JeffKeryk]

Hummers are as good as the satisfaction it brings to the buyer, just like any vehicle or product for that matter. I mean, that is what doing business is all about.

I am not sure delivering 400 Hummers against 90K pre orders is doing business. That's a business failure, at least at this point.
At best it is nearly 90K prospective buyers still waiting for the big boys to get in...

But, each to their own. If a Hummer, or whatever, makes them happy, it's their money.

 

[UncleDave]

I am not sure delivering 400 Hummers against 90K pre orders is doing business. That's a business failure, at least at this point.
At best it is nearly 90K prospective buyers still waiting for the big boys to get in...

But, each to their own. If a Hummer, or whatever, makes them happy, it's their money.

Correct - the delivered number against the booking logs is a failure by the metrics all their competition use.

The unit will likely be in demand for a while and the top of the cool/ fun truck game until The cyber truck when it ultimately hits will become the next cool thing.

Hummer on a easy wide climb, track. or washes and hard pack would be a blast, sand and mud better leave it at home.
Its gonna attack 2 buddies with big diesels and 40's to pull that thing out trouble.

 

[alarmguy]

I am not sure delivering 400 Hummers against 90K pre orders is doing business. That's a business failure, at least at this point.
At best it is nearly 90K prospective buyers still waiting for the big boys to get in...

But, each to their own. If a Hummer, or whatever, makes them happy, it's their money.

With all due respect, you do not know GMs business plan, you can see it as a failure personally but that doesn't make it true.

For GM it can be a WILD success, there can be a hundred reasons why it is such a success for them. They just found out people with that income level will buy a GM vehicle that they marketed to that income level.
So many people are dying to lay down 100,000+ dollars for such a vehicle they can't even build them for the next year. 90,000 and stopped taking reservations. Sounds like their might be a future in that price level besides a vette
Seems like a good place to start in my opinion since they already blow away all the electric vehicle makers with their ICE pickup trucks in the lower price range. Why not start at the top and see if anything is there?
Maybe you don't give their marketing division enough credit for creating a campaign that will test all the higher level EV models from other manufacturers.

 

[E365]

“Failure” is quite the stretch. It seems many have just fabricated their own timeline for GM’s EV. The Ultium program appears to be right on schedule, even ahead, as with the Lyriq. That was planned for this fall originally.

The entire EV plan from GM was to build their own battery plants. That’s a multi-year process. The first plant opened 3 weeks ago, right on schedule. “Middle of 2022” production start was the quote from almost 2 years ago.

There’s a reason every Ultium vehicle said/says available Fall 2022 or later. It’s all AFTER that first battery plant opened.

The “Edition 1” Hummer was the only exception. It was a fully loaded, low-volume, limited production vehicle to get the Ultium program up and running.

 

[Vercingetorix]

And Tesla has 3 million Cyberturuck orders and delivered how many? Dismal failure.

 

[UncleDave]

And Tesla has 3 million Cyberturuck orders and delivered how many? Dismal failure.

On this front Tesla has also failed.

Allowing Ford to get the drop on them is an embarrassment.

But we're talking about GM - and 400 is also a failure, as is their ability to control MSRP.

Ford is going to eliminate dealers ability to gouge so as to better compete with Tesla.

 

[JeffKeryk]

Kudos for GM's 90K orders. But they have been delivering 12 per week? That's a failure. Let's hope their plan to step up production works.

Regarding Tesla and the Cybertruk, yes it is late late late. It is estimated that Tesla has 1.5M orders. They are also way late on the Roadster 2. And wat about the Model 2, or is it 4? Tesla is busy making the Model 3 and Model Y, which just may become the #1 selling car in the world. And ramping 3 factories, Shanghai, Austin and Berlin. And will likely announce another factory by year's end. Canada? The Cybertruk is currently scheduled for production start in mid 2023 at Giga Austin. Of course that's Elon time, so there's that.

 

[ZeeOSix]

I got my Cybertruck quite a while ago ...

 

[alarmguy]

Regarding Tesla and the Cybertruk, yes it is late late late. It is estimated that Tesla has 1.5M orders. They are also way late on the Roadster 2.

Disagree, this is a failure, not late late.
Elon makes incorrect statements to his shareholders all the time about product launches that don’t happen.
I think is a lot of downside potential in the stock price. The rest of the world is now starting to build his main product = EVs In many shapes and sizes of which far exceeds anything in his product lineup.

 

[E365]

TFL Truck just bought one and it broke down with 250 miles on it.

Cliffs Notes. Roman ignored a “service steering rack” message and decided to restart the truck in the middle of rush hour traffic (??). Then it wouldn’t go out of Park. They disconnected/reconnected the 12v battery and it worked fine after that.

 

[Trav]

TFL Truck just bought one and it broke down with 250 miles on it.

Cliffs Notes. Roman ignored a “service steering rack” message and decided to restart the truck in the middle of rush hour traffic (??). Then it wouldn’t go out of Park. They disconnected/reconnected the 12v battery and it worked fine after that.

That is a serious POS! You cant even get into the trunk to get the tools.

 

[PimTac]

TFL Truck just bought one and it broke down with 250 miles on it.

Cliffs Notes. Roman ignored a “service steering rack” message and decided to restart the truck in the middle of rush hour traffic (??). Then it wouldn’t go out of Park. They disconnected/reconnected the 12v battery and it worked fine after that.

They couldn’t get the hood to open until they remembered an emergency pull cable located somewhere inside the truck.

Even his experience with OnStar was a mess.

I have a feeling that truck is going back.

 

[alarmguy]

There’s a story for any new EV on the market we don’t know if this is a one off issue or not.

Moral of the story for this one? Don’t try to reboot the system while you are on a busy road sitting at a traffic light if an idiot “light”goes off.

There is a lot of drama at the start of this video that implies the truck just died, it only died when he tried to reboot it which we don’t find out until the end of the video.

Yes we all know it’s dangerous being stuck on the road which is repeated throughout the video.

 

[JeffKeryk]

Maybe give CEO Barra a call?
I wonder how many of these GM is producing now? I really wonder how much GM has lost on these so far?