Hummer Deal Falls Though; GM Announces Brand Wind-Down

Hummer Deal Falls Though; GM Announces Brand Wind-Down
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Just a day after announcing the successful sale of Saab, General Motors today announced that a deal to sell its Hummer unit of SUVs has fallen through. GM has been negotiating with Sichuan Tengzhong Heavy Industrial Machines Co., Ltd., but today announced in a statement that the Chinese heavy machinery maker was, “unable to complete… Continue Reading...

Report: Hummer Planning H4 to Rival Jeep Wrangler

Report: Hummer Planning H4 to Rival Jeep Wrangler
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Under new ownership by Chinese heavy machinery maker Sichuan Tengzhong, Hummer will move forward with plans to introduce a smaller and more efficient H4 model. Previewed in concept form as the HX (above), the H4 would be lighter and more fuel-conscious, but wouldn’t give up on the brand’s hard-core attitude. It would be designed as… Continue Reading...

Breaking: GM Sells Hummer to China’s Sichuan Tengzhong

Breaking: GM Sells Hummer to China’s Sichuan Tengzhong
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General Motors has sold its Hummer brand of SUVs to Chinese heavy industrial machinery builder Sichuan Tengzhon. No details have been released but the sale was reportedly made for a sum of just $150 million. GM CEO Fritz Henderson had estimated in documents filed during GM’s bankruptcy proceedings that the brand could be worth as… Continue Reading...

Report: Hummer Sale to China’s Tengzhong to Be Finalized Next Week

Report: Hummer Sale to China’s Tengzhong to Be Finalized Next Week
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General Motors’ sale of its Hummer brand to China’s Tengzhong may be completed within a week. The two companies have been working on a deal for Hummer since June, and an unnamed source said to be the discussions said a deal is imminent. “Tengzhong executives have been traveling between the U.S. and China in the… Continue Reading...

Chinese Government to Block Sale of Hummer

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Chinese Government to Block Sale of Hummer
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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 response to… Continue Reading...

Hummer Buyer Identified as Chinese Heavy Machinery Maker Tengzhong

Hummer Buyer Identified as Chinese Heavy Machinery Maker Tengzhong
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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… Continue Reading...
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