GM closes Hummer deal
DETROIT - General Motors signed a final agreement last week to buy worldwide rights to the Hummer brand from Hummer manufacturer AM General Corp. Terms were not disclosed. GM will take over sales, marketing and distribution of the current Hummer sport-utility, and AM General, of South Bend, Ind., will continue assembling the vehicle. The companies also are pursuing other product opportunities for the Hummer brand, including a higher-volume sport-utility. GM is expected to unveil a Hummer concept vehicle at the Detroit auto show in January.
GM ADDS ONSTAR CENTER
CHARLOTTE, N.C. - General Motors will open a third call center for its OnStar navigation services here next year in preparation for increased factory installations of OnStar. GM plans to offer factory-installed OnStar on 20 vehicle models in 2000, and offer dealer installation on 10 others. The other centers are in Michigan.
EVENT PROMOTES DIVERSITY
DETROIT - Auto Industry Diversity Efforts, a nonprofit organization, will host an event during the Detroit auto show to benefit the Edward Davis Scholarship Fund. 'Millennium Celebration for Diversity' will be held at the Charles H. Wright Museum of African American History on Jan. 13. The scholarship fund was named for Ed Davis, the first black auto dealer in the United States, and is intended to assist minority students seeking auto careers.
LEXUS EXPANDS IN CANADA
TORONTO - Lexus Division of Toyota Canada will open six new stand-alone dealerships, the first new points since the brand debuted in the fall of 1990. The new stores - in North Vancouver and Coquitlam, British Columbia; Richmond Hill, Bramalea and Oakville, Ontario; and Brossard, Quebec - bring the total to 28.
D/C UNIT MOVING TO DETROIT
DETROIT - DaimlerChrysler Financial Services (debis) North America will consolidate its Southfield, Mich., and Norwalk, Conn., operations in a new headquarters building half a mile from the automaker's North American headquarters in the Detroit suburb of Auburn Hills. Through the first 11 months of 1999, the financial services company, which operates in the United States, Canada and Mexico, reported revenues of $5.66 billion. Construction of the new building should be complete by 2002, officials said.