HummerSaleChina


Recork the Champagne? China says Hummer paperwork not submitted yet

Last week, it was reported that General Motors had signed a definitive agreement to sell Hummer to Chinese machinery manufacturer Tengzhong. The Chinese company and its partner in the deal, Lumena Resources Corp., would pay $150 million and receive Hummer and its intellectual property, ownership of U.S. franchise agreements, and manufacturing, business, and component assistance during a four- or five-year transition period. The questions being raised now concern what is happening on the other side of the Pacific. The Chinese Commerce ... Read more →

REPORT: GM close to offloading Hummer for as little as $150 million Sam Abuelsamid

Not so many years ago, Hummer appeared to be one of General Motors' most potentially lucrative brands. Now, the fallen brand looks poised to fall into the hands of the Chinese very soon. Bloomberg ...

Hummer buyer to start talks with Chinese gov't to win sale? Frank Filipponio

China's Sichuan Tengzhong Heavy Industrial Machinery, the company that recently surfaced as the top bidder for Hummer, is about to start talks with Chinese regulators to secure the deal. While ...

REPORT: China to block HUMMER sale to Tengzhong Jeremy Korzeniewski

- General Motors' pending deal to offload its unwanted HUMMER brand may have hit a major snag. Although no official word has come from the Ministry of Commerce or the National Development and ...

Critics from China berate proposed HUMMER sale, rekindled automaker could be based in Nashville Jeremy Korzeniewski

- As Chinese media outlets continue to voice derision over GM's agreement to sell its unwanted HUMMER division to Sichuan Tengzhong Heavy Industrial Machinery Co., there are real questions as to ...






Autoblog Podcast #152: Paukert Enhanced!

Chris Paukert joins the usual crew of Chris, Sam, and Dan, summarily classing up the joint.

 
 

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