Sichuan Tengzhong Heavy Industrial Machinery


BREAKING: GM officially sells Hummer to China's Sichuan Tengzhong

General Motors has reached an agreement to offload Hummer onto China's Sichuan Tengzhong Heavy Industrial Machinery, with Tengzhong taking an 80 percent stake and a private investor consuming the rest. Details on the deal (available in the press release after the jump) include Hummer contacting vehicle manufacturing from GM, with the General's Shrevport and Mishawaka plants continuing to produce vehicles through June of 2011, with a possible extension until 2012. A recent report says the sale will net GM around $150 million, although the ... 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 ...

BREAKING: GM officially sells Hummer to China's Sichuan Tengzhong 1 month ago on Autoblog

General Motors has reached an agreement to offload Hummer onto China's Sichuan Tengzhong Heavy Industrial Machinery, with Tengzhong taking an 80 percent stake and a private investor consuming the rest. Details on the deal (available in the press release after the jump) include Hummer contacting ...

REPORT: GM close to offloading Hummer for as little as $150 million 2 months ago on Autoblog

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 is reporting that a deal to sell Hummer could be finalized in the coming days as Sichuan Tengzhong ...

Hummer buyer to start talks with Chinese gov't to win sale? 5 months ago on Autoblog

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 General Motors has a tentative agreement with Tengzhong, the two companies have yet to receive the state's ...

REPORT: China to block HUMMER sale to Tengzhong 5 months ago on Autoblog

- 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 Reform Commission, state-run radio organizations are reporting that the Chinese government will indeed ...

Critics from China berate proposed HUMMER sale, rekindled automaker could be based in Nashville 5 months ago on Autoblog

- 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 whether or not the Chinese government will even approve of the purchase. State-run media outlet ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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