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Chinese Government to Block Sale of Hummer
Jun 29, 2009 - 12:03 PM - by Administrator

According to a report on Chinese state radio, the sale of Hummer by General Motors to heavy-equipment manufacturer Tengzhong will not go ahead. The report on China National Radio states that Tengzhong's acquisition of Hummer goes against the government's efforts to reduce pollution by manufacturing companies in China.

Tengzhong released a statement in... [Read More]
0 Replies | 41 Views
NEWS: China likely to reject Hummer acquisition
Jun 26, 2009 - 7:05 AM - by Administrator
Report: China likely to reject Hummer acquisition

By JOE McDONALD – 3 hours ago

BEIJING (AP) — China's planning agency is likely to reject a Chinese company's bid to acquire General Motors Corp.'s Hummer unit, in part because its gas-guzzling vehicles conflict with Beijing's conservation goals, state radio reported.

The National Development and Reform Commission is also likely to say Sichuan Tengzhong Heavy Industrial... [Read More]
0 Replies | 63 Views
Hummer H4 And Alternative Energy Hummers Coming
Jun 05, 2009 - 10:55 AM - by Administrator

In an interview with Hummer CEO Jim Taylor, The Detroit Bureau found out plenty about the company's future plans under it's new owner, Chinese heavy machinery maker Tengzhong.

In the short term Taylor says that the Hummer H3S will be built in a GM facility in Shreveport alongside the Chevy Colorado and GMC Canyon.

Looking into the future,... [Read More]
0 Replies | 249 Views
Hummer Buyer Identified as Chinese Heavy Machinery Maker Tengzhong
Jun 02, 2009 - 3:10 PM - by Administrator

Earlier today we reported that GM had reached a tentative deal to sell off the Hummer brand to an unnamed party. That company has now been identified as Chinese heavy machinery maker Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. - or just Tengzhong for short.

Tengzhong will take control of the Hummer brand including the senior operational team and... [Read More]
1 Reply | 210 Views
GM Finds Buyer For Hummer, But Who Is It?
Jun 02, 2009 - 9:41 AM - by Administrator

A day after filing for Chapter 11 bankruptcy protection, General Motors has announced it has found a buyer for its Hummer brand of SUVs. GM has not, however, named the party.

Earlier reports indicated that of the short-list of three potential buyers none of the companies were automakers. One is apparently a U.S. company and the two others are from overseas.... [Read More]
0 Replies | 155 Views
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