Potential deal points leaked concerning Tengzhong's purchase of Hummer
2008 Hummer HX Concept - Click above for high-res image gallery
As the Opel transaction takes on Biblical intrigue, the Hummer exchange goes on in another dark corner, laboriously, like the gestation of an elephant. The latest report from a Chinese news website states that General Motors and Tengzhong "might sign an agreement" this week, but that strikes us as exceedingly optimistic seeing that there's been no word on the government approving the deal yet.
Slightly more believable are the supposed deal points that would guide Tengzhong's initial ownership of Hummer: Tengzhong will own all of Hummer's intellectual property rights and sales network, but would not build Hummers in China and would operate the company as an off-shore entity based out of Detroit or Nashville. General Motors would continue to build Hummers until 2012 and provide "technical services," and Tengzhong would continue to fund research and development, while the "off-shore" Hummer team (read: probably the folks doing the job now) would be responsible for launching the new H3 and H4. As for that H4, though, the article lists them as "CUV models." If the H4 is a CUV, we hope they manage to make it look like the 2008 Hummer HX concept shown above.
Tengzhong reps are headed to Detroit to continue discussions. The General's response, according to the CEO of Hummer is that "Negotiations continue to progress and the transaction will be announced upon the signing of the definitive agreement as soon as appropriate." Hat tip to Emilio!
Gallery: Detroit 2008: HUMMER HX Concept
[Source: Gasgoo]
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Reader Comments (Page 1 of 1)
MajorGeek 5:10PM (8/28/2009)
It will be funny if they build a typical Chinese knock off even though they own it.
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dadslife83 7:40PM (8/28/2009)
You think that's funny? Take a look at this Hummer commercial from Superbowl XL predicting this event timeline!
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=62531655
Kevin 5:14PM (8/28/2009)
The matter will be decided over sushi and pizza. Thanks for the newsworthy story!! And yep, that CUV should be more like the concept in the pic above. :)
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LesPaul1 6:51PM (8/28/2009)
Yeah Kevin because the Chinese people's cultural food is sushi...
http://www.facepalm.org/
daleam 8:43PM (8/28/2009)
LOLZ!!
Rich 5:45PM (8/28/2009)
Personally, I'm waiting for the H18. Should be great for chasing cats.
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joe23521 5:50PM (8/28/2009)
Don't know about H18, but I bet they've got an HH(ybrid) in the works.
civicep3 6:03PM (8/28/2009)
I want no more of these photos until this is made, or destroyed. It's cruel and unusual punishment.
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Aero 6:51PM (8/28/2009)
You think seeing these pictures is bad. I can't imagine if they actually made the HX into a crossover. If I ever see the terms "Allwheel drive", "Unibody", or "Car Based" in the feature list for the HX, I think I would cry.
Chibi Chaingun - blackhivemedia.com 6:22PM (8/28/2009)
The HX is the best looking vehicle I have ever seen. O _ O
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Osprey 6:50PM (8/28/2009)
It looks like a modded FJ to me.
http://www.cartype.com/pics/4551/full/toyota_fj-cruiser_trail_teams_special_edition_show2.jpg
Chibi Chaingun - blackhivemedia.com 10:32AM (8/29/2009)
Only for the fact they're both off-road looking. The FJ looks like a FJ the HX looks like a Hummer.
mugatu 8:40PM (8/28/2009)
I just love the Hummer cars. They are so big and so cool looking. I don't care how much gas they swill, they thrill me every time I see one. There is one in my parking ramp and it is a monster. Please let that concept be built.
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don 9:53PM (8/28/2009)
Just so you guys know, the HX was originally scheduled to be built next year, start at $22K, get 30mpg highway, and be some type of a hybrid.
Needless to say, that all went down the crapper when gas prices went through the roof.
How do I know?
I worked for Hummer.
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koloth44 11:35AM (8/29/2009)
That is just cruel information to hear. If it looked anything like the concept and was priced like that I would have had a tough time not buying one. Maybe the new buyer will pick it up...
Aznauto 10:11PM (8/28/2009)
Great move you can see transition from US to China as local companies buy up American IPs, similar to the way we saw America buy up UK firms in the 1900s-40s. I
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