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<blockquote data-quote="Weather Man" data-source="post: 16544834" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>General Motors lands 10K pre-orders for the Hummer EV</strong></span></p><p>Dec. 21, 2020 2:30 PM ET<a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AGM" target="_blank">General Motors Company (GM)</a><a href="https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Clark Schultz</a>, SA News Editor<a href="https://seekingalpha.com/news/3646291-general-motors-lands-10k-pre-orders-for-hummer-ev#comments" target="_blank">21 Comments</a></p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">GM</a> +1.0%) could <a href="https://electrek.co/2020/12/21/gmc-hummer-ev-surprising-number-pre-orders-increase-production/?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">produce</a> as many as 10K Hummer EVs during the first year of production based off the strong number of pre-orders it booked.</li> <li data-xf-list-type="ul">GM is reported to have 10K preorders lined up for the Hummer Edition 1 model, which is going to be listed at $112,595 and go into production in late 2021. At least one GMC dealer thinks the automaker may increase Hummer production.</li> <li data-xf-list-type="ul">On the flip side, Electrek notes that the Hummer production could also go lower after accounting for reservation holders who decide not go through with their orders.</li> <li data-xf-list-type="ul">The report follows on indications in October of strong demand for the <a href="https://seekingalpha.com/news/3624858-hummer-ev-demand-starts-off-strong?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">Hummer EV</a>.</li> <li data-xf-list-type="ul">That strong demand stoked confidence from Wedbush Securities that <a href="https://seekingalpha.com/news/3627901-gm-seen-riding-hummer-ev-fast-lane?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">GM will ride the Hummer into the EV fast lane.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16544834, member: 137766"] [size=6][b]General Motors lands 10K pre-orders for the Hummer EV[/b][/size] Dec. 21, 2020 2:30 PM ET[URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AGM']General Motors Company (GM)[/URL][URL='https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Clark Schultz[/URL], SA News Editor[URL='https://seekingalpha.com/news/3646291-general-motors-lands-10k-pre-orders-for-hummer-ev#comments']21 Comments[/URL] [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']GM[/URL] +1.0%) could [URL='https://electrek.co/2020/12/21/gmc-hummer-ev-surprising-number-pre-orders-increase-production/?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']produce[/URL] as many as 10K Hummer EVs during the first year of production based off the strong number of pre-orders it booked. [*]GM is reported to have 10K preorders lined up for the Hummer Edition 1 model, which is going to be listed at $112,595 and go into production in late 2021. At least one GMC dealer thinks the automaker may increase Hummer production. [*]On the flip side, Electrek notes that the Hummer production could also go lower after accounting for reservation holders who decide not go through with their orders. [*]The report follows on indications in October of strong demand for the [URL='https://seekingalpha.com/news/3624858-hummer-ev-demand-starts-off-strong?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']Hummer EV[/URL]. [*]That strong demand stoked confidence from Wedbush Securities that [URL='https://seekingalpha.com/news/3627901-gm-seen-riding-hummer-ev-fast-lane?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']GM will ride the Hummer into the EV fast lane.[/URL] [/LIST] [/QUOTE]
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